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Best Pacific International Holdings' subsidiaries Dongguan Best Pacific and Dongguan Runxin have signed a three-year sales agreement with Dongguan Zhipin for the sale of elastic fabric, elastic tape, lace, printing and embroidery. The annual transaction caps range from CNY20 million to CNY60 million.
Best Pacific International Holdings (stock code 02111) has completed the acquisition of a 51% equity interest in Trischel Fabric (Private) Limited, making it a non-wholly owned subsidiary. The acquisition was completed on August 1, 2018.
MAS Holdings Ltd. signed a joint venture agreement with Best Pacific International Holdings Ltd. to collaborate on producing warp and weft knitted synthetic fabrics in Sri Lanka through Trischel Fabric Ltd.