Yadong Group Holdings Ltd. has announced the acquisition of the entire issued share capital of Brilliant Textile Pte. Ltd., a company incorporated in Singapore. The transaction includes the purchase of shares from the Vendor and involves Amazing Ecotech Textile Company Limited, a 75% owned subsidiary of Brilliant Textile. The acquisition, formalized through an agreement dated 25 July 2025, aligns with Yadong Group's business strategy and is viewed by the Board, including independent non-executive Directors, as a beneficial move for the company. Yadong Group plans to establish its own manufacturing facility on land for which Amazing Ecotech holds usage rights until 2082, potentially leveraging growth opportunities associated with the Target Company.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.