Texhong Textile enters into JV with Lo, Shiu and Hang Chi<2678.HK>

Monday, 9 May 2016 

Texhong Textile Group Ltd <2678.HK>: Discloseable transaction subscription and joint venture agreement <2678.HK> . Group entered into the joint venture agreement with Lo, Shiu and Hang Chi . Total investment by the group in the Vietnam group shall not exceed US$60 million . Upon completion,issued share capital of hang chi shall be owned as to 49% by huafeng knitting, 40.8% by lo, 10.2% by shiu .