Velora Global Ventures to buy 18.31% stake in Masood Textile Mills

Velora Global Ventures F.Z.C. agreed to acquire an 18.31% stake in Masood Textile Mills Limited from Shanghai Challenge Textile Co., Ltd. and Zhejiang Xinao Industry Company Limited. The acquisition will be completed through phased quarterly transactions over approximately three years, subject to regulatory approvals.

“Two Chinese shareholders of Masood Textile Mills Limited have agreed to sell a combined 18.31 percent stake in the company to UAE-based Velora Global Ventures F.Z.C.”propakistani.pk

• 1 source
• propakistani.pkUAE Firm to Buy Chinese Stake in Masood Textile MillsMuhammad BilalAug 5, 2026

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