Texhong Textile acquires Winnitex for HK$1350 mn Blended Core Spun Yarn

Texhong Textile Group, one of world’s largest core spun yarn suppliers, formed a new joint venture company named Texhong Winnitex Holdings Ltd to acquire the entire equity interest in Winnitex Holdings Ltd, Winnitex Ltd and Zhejiang Qing Mao Weaving, Dyeing, Printing Co Ltd (collectively ‘the Winnit