Home / Knowledge / News / Apparel/Garments / Xin Ma Apparel to buy stakes of Shao in Youngor Group
Xin Ma Apparel to buy stakes of Shao in Youngor Group
Nov '11
Xin Ma Apparel International, a wholly-owned subsidiary of Youngor Group, plans to buy Shao International Limited's 25 percent stakes in 14 companies belonging to Youngor Group for 754 million yuan.

While, one of the companies is based in Chongqing, the rest 13 companies are situated in Ningbo.

Ningbo Youngor Apparel posted a net profit of 256 million yuan in 2010, the highest earning among the 12 of the 14 companies that recorded profits during the year.

The two companies that showed loss were Youngor Knitting Apparels, which made a loss of 1.94 million yuan, and Ningbo Youngor Knitting and Underwear, which made a loss of 262,400 yuan.

The combined net profit of the 14 companies stood at 927 million yuan in 2010, and it was 723 million yuan during January-September period of 2011.

The acquisitions will help Youngor Group to further boost its apparel business and to increase its total profits.

Xin Ma Apparel International was acquired by Youngor Group in 2007 from the US-based Kellwood Co.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search