# Crystal Textiles to acquire 71.9% of New Technology Knitting for HKD 83.8 million

Crystal Textiles (Bermuda) Limited, a subsidiary of Crystal International Group, agreed to acquire 71.9% of New Technology Knitting for HKD 83.8 million to expand its performance sweater business with footwear knitting technology.

- Type: Acquisition
- Announced: 2021-06-04
- Where: Hong Kong SAR China
- Value: $10.7M (83.8M HKD)
- Status: announced
- Products: footwear knitting technology, performance sweaters
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Crystal International Group](https://endata.com/companies/55605.md) (acquirer)
- [New Technology Knitting](https://endata.com/companies/55606.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/488666.html), 2021-06-04: "于2021年6月4日，公司附属Crystal Textiles (Bermuda) Limited 与卖方 Fashion Fit Limited 订立买卖协议，据此，CTBL同意购买目标公司新科技针织的143.77万股股份，约占目标公司股本的71.9%，代价为8380万港元。"

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