LYCRA Company gains new equity ownership from financial institutions

The LYCRA Company announced that a group of financial institutions (Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Limited) have gained full equity control of the company, following the conclusion of a receivership process related to loan defaults by former parent Ruyi Textile.

“The LYCRA Company, a global leader in developing innovative fiber and technology solutions for the apparel and personal care industries, announced that a group of financial institutions... have gained full equity control of the Company.”fiberjournal.com

• 1 source
• fiberjournal.comMovers & Shakers – June 2022: LYCRA has new ownership | International Fiber JournalDr. Pragnya Kanade, Dr. Prabir Pratihar, Adrian Wilson, Matt O’SickeyJun 30, 2022

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