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Li & Fung and Nanyang Textile Group signed an agreement to form a joint venture, Liyang Knitting Holdings, with Li & Fung holding 62% and Nanyang Textile 38%, to serve apparel brands and retailers globally.
“利丰未来将以更多的合作去取代过往收购,令生意模式更数码化。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.