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CCP clears transaction: UAE firm to acquire stakes in MTML from Chinese investors
ISLAMABAD: UAE-based Velora Global Ventures-F.Z.C. is set to acquire shareholding in Pakistan’s listed textile manufacturer Masood Textile Mills Limited (MTML) from two Chinese investors after the Competition Commission of Pakistan (CCP) cleared the transaction at the Phase-I stage, Business Recorder has learnt. The transaction involves acquisition of shares held by Shanghai Challenge Textile Company Limited and Zhejiang Xinao Industry Company Limited, both incorporated in China, pursuant to a Share Purchase Agreement dated July 27, 2026. Velora Global Ventures was incorporated and registered ...
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