Fuxing: Co has entered into 3 separate and independent acq agreements for 3 companies in Fujian Province. Fulong Zipper involved in dyeing and fabric tape for zippers at Rmb120m, Jianxin Weaving which supplies dyed yarn at Rmb107m, Fuxin Electroplating providing plating services on zippers, buckles and other metal products at Rmb145m...
Co.s were purchased at discount to valuation and total Rmb372m (S$73.2m) will be paid for using internally generated funds. While details of the acq valuation is not known, co’s acq complements existing operations
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