Texhong Textile Group updates on acquisition of land use right in Vietnam

Wednesday, 13 Apr 2016 

Texhong Textile Group Ltd:On 13 April 2016, Texhong industrial park and Texhong dyeing entered into the agreement in relation to the transaction.Deal for consideration of RMB38.8 million.Says consideration will be financed by the internal resources of the group.Land will be used for construction of production base in quang ninh province, Vietnam.