Langsha Group has revealed its intentions to purchase 34670 thousand shares of a state-owned enterprise.
Group will become the first stockholder of this enterprise and will formally enter capital markets.
Company expects to enforce the competitive power of Langsha underwear in the light of capital markets to become the most powerful manufacturer.
Meanwhile, Langsha is one of the biggest sock producers in China.
The insiders noted that as the textile quota limit of the US and the EU adversely affected on Yiwu sock industry, many firms are seeking new ways to progress.
Fibre2fashion, News Desk - China