I had this one under my nose but missed it!!!!

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Last but not least, Nova Lifestyle Inc (NASDAQ:NVFY) is up by over 35% after the company signed a share transfer agreement to sell its China-based subsidiaries to Kuka Design Limited for an aggregate purchase price of $8.5 million. CEO Jeffrey Wong said
“We feel this is truly a win-win for both Kuka Design BVI and Nova LifeStyle, as this transaction will allow our Company to focus its entire attention on designing, developing, branding, marketing and distribution of furniture products and the fast growing e-commerce market…We intend for the transaction process to continue over the next month and will keep investors apprised of our progress.”
The transaction is expected to be consummated by October 30, 2016 if all goes well. None of the funds tracked by Insider Monkey held shares of Nova Lifestyle Inc (NASDAQ:NVFY) at the end of the second quarter.

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