Takween to acquire JOFO Nonwovens' 70% stake in Advanced Fabrics Factory

Takween Advanced Industries signed a share purchase agreement with JOFO Nonwovens to acquire its entire 70% stake in Advanced Fabrics Factory Co. (SAAF), making Takween the sole owner.

“Takween Advanced Industries Co. signed today, April 30, a share purchase agreement (SPA) with Chinese partner JOFO Nonwovens Co. to acquire its entire 70% stake in associate Advanced Fabrics Factory Co. (SAAF)”tradingview.com

• 4 sources
• tradingview.comTakween Signs SPA With Chinese Partner JOFO Nonwovens To Acquire Its Entire 70% Stake In Advanced Fabrics Factory — TradingView NewsApr 30, 2026
• argaam.comTakween buys Chinese partner’s 70% stake in associate SAAFApr 30, 2026
• enterpriseam.comTakween set to consolidate Advanced Fabrics stakeMay 3, 2026
• nonwovensnews.comTakween moves to full ownership of SAAF nonwovens JV | Nonwovens NewsHaydn DavisMay 5, 2026

Summarized from public sources; check the original articles before acting on it.