# 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.

- Type: Acquisition
- Announced: 2018-12-10
- Where: Hong Kong SAR China
- Value: $172.0M (1.35B HKD)
- Status: announced
- Capacity: 90 million yards of dyed woven fabrics per year
- Products: cotton woven fabrics, cotton and blended cotton yarns, grey fabrics, dyed and finished woven fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Texhong Textile Group](https://endata.com/companies/35987.md) (acquirer)
- [Winnitex Holdings](https://endata.com/companies/35988.md) (target)
- [Zhejiang Qingmao](https://endata.com/companies/35989.md) (target)
- [Zhejiang Qing Mao Weaving, Dyeing, Printing Co., Ltd.](https://endata.com/companies/36081.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/169298.html), 2018-12-10: "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"
- [acnnewswire.com](https://www.acnnewswire.com/press-release/english/48579/texhong-textile-acquires-winnitex,-a-leading-company-in-dyed-woven-fabrics-industry,-and-its-subsidiaries), 2018-12-12: "This transaction will enable Texhong Winnitex to leverage experienced management team and extensive customer base, and significantly increase our annual production capacity of dyed woven fabrics by 90 million yards."
- [apparelviews.com](https://www.apparelviews.com/texhong-textile-acquires-winnitex/), 2019-01-02: "This transaction will enable Texhong Winnitex to leverage our experienced management team and extensive customer base, and significantly increase our annual production capacity of dyed woven fabrics by 90 mn yards."

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