Share Prices & Company Research

Market News

18 Jul 2018 | 14:17

Bagir says Shandong Ruyi to complete $16.5m investment by end August

Tailoring firm Bagir said Asian global textile manufacturer Shandong Ruyi had committed to complete a proposed investment in the company by the end of August.

In November, Bagir announced that Shandong Ruyi had agreed to invest $16.5m to acquire a 54% stake in the company.

Bagir had now paid an additional $1.65m towards the acquisition, on top of the initial payment of $1.65m received on 9 January.

'Shandong Ruyi is a global leader in our sector and their decision to become our partner and majority shareholder fundamentally changes the future prospects of Bagir,' chief executive Eran Itzhak said.

At 2:17pm: (LON:BAGR) Bagir Group Ltd. Ord Ils0.04 share price was +1.1p at 2.55p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.