Zhejiang Qing Mao Weaving, Dyeing, Printing Co., Ltd.

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.