# Li & Fung and Nanyang Textile form joint venture Liyang Knitting Holdings

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.

- Type: Acquisition
- Announced: 2017-08-24
- Where: China
- Status: announced
- Products: yarn, knitted fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Li & Fung Limited](https://endata.com/companies/23071.md) (acquirer)
- [Nanyang Textile Group](https://endata.com/companies/26495.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/76342.html), 2017-08-24: "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。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.