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| Exchange Disseminated Time | 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 and has production capacity of 3 million pieces per annum. This acquisition will enable the Company to establish a manufacturing base in Vietnam. |
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