House of Pearl Fashions Ltd has informed BSE that the Company has through Multinational Textiles Group Ltd, Mauritius, a wholly owned subsidiary of the Company, entered into a Share Purchase Agreement for acquisition of 38% of Ordinary Shares of Nam Long Garment Joint Stock Company, Vietnam.
Nam Long Garment Joint Stock Company is engaged into the business of manufacturing of readymade garments in Vietnam & has production capacity of 3 million pieces per annum. This acquisition will enable the Company to establish a manufacturing base in Vietnam.
House of Pearl Fashions Limited
marketing@alchempro.com
