Dec 10, 2018ACQUISITIONHong Kong SAR China Texhong Textile to acquire Winnitex Holdings and Zhejiang Qingmao for HK$1.35B
Texhong Textile Group announced on 10 December 2018 it will acquire all shares of Winnitex Holdings and Zhejiang Qingmao for a total consideration of HK$1.35 billion. Additionally, a 20% stake in subsidiary Texhong Qingye will be issued to investors.
Capacity
90 million yards of dyed woven fabrics per year
Productscotton woven fabricscotton and blended cotton yarnsgrey fabricsdyed and finished woven fabrics
“公司拟以总代价13.5亿港元收购Winnitex Holdings及浙江庆茂的全部股权”beta.zhitongcaijing.com
- 3 sources
- beta.zhitongcaijing.com天虹纺织(02678)拟13.5亿元收购纺织公司 附属将获入股20%Dec 10, 2018
- acnnewswire.comTexhong Textile acquires Winnitex, a leading company in dyed woven fabrics industry, and its subsidiariesDec 12, 2018
- apparelviews.comTexhong Textile acquires WinnitexEditorial TeamJan 2, 2019
Summarized from public sources; check the original articles before acting on it.
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