Kresta Holdings' major shareholder, China-based Aplus, has outlined plans to acquire the Malaga-based company just six months after buying a large interest in the group.
Kresta Holdings chief executive Jules Di Bartolomeo has left the company following a restructure under which the chairman of one of its major shareholders will be appointed as managing director.
Kresta Holdings has appointed Xianfeng Lu and John Murphy to its board, following the resignation of company directors John Molloy, Peter Abery and Kevin Eley.
Kresta Holdings chairman Peter Hatfull and major shareholder and former chairman Ian Trahar have lost their battle to retain control of the Malaga-based window furnishing company.
