PETALING JAYA: Xidelang Holdings Ltd
is proposing to acquire the entire business of clothing manufacturer, JinJiang YangSen Garments Co Ltd.
In a stock exchange filing, Xidelang said it would satisfy the acquisition via cash and issuance or allotment of new ordinary shares of 3 US cents (11 sen) each in Xidelang at an issue price of 22 sen per share.
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