On Thursday, Tex-Ray Industrial Co. Ltd., a textile and weaving enterprise, said that China Yueda Textile Group Limited decided to acquire shares of Taiwan funded enterprises in the province.

Nan Wei said that Yueda would acquire its 40% stake in the mainland through the donation scheme, and the paid up capital of the unit would increase to $30 million.

After the investment, the company will retain 60% of its company's shares, which was founded in 2009.

The company is building new production facilities. dyeing The production line is expected to be put into operation in April, and the knitting production line will be put into operation in September.

Nan Wei said that the acquisition of Yueda would benefit the company, especially at present, the company is striving to establish a sales network in the mainland.

Nan Wei said that Yu Da currently has 140 sales outlets in Central China. Yuda The distribution base is expected to enhance the visibility of the company in China.