Yinchuan Industrial Fund Company successfully participated in the overseas acquisition of “Leica” brand project

Reporter Chen Weizhong correspondent Li Tao reported that after the acquisition of the French luxury brand SMCP in Paris on October 20, another overseas M&A project of Yinchuan Industrial Fund Management Co., Ltd. successfully signed in the United States. Recently, Shandong Ruyi Investment Holding Group and INVISTA Corporation of the Koch Industries Group signed a “Lyka” M&A framework agreement at JPMorgan Building in New York, intending to acquire one of the four main businesses of INVISTA. The fabric business, including the world-renowned “Leica” brand, will be jointly funded by Yinchuan Industrial Fund Management Co., Ltd., Shandong Ruyi Investment Holding Group and other domestic investment institutions to complete the project merger.

The final completion of the M&A agreement will still depend on the usual transaction completion conditions, including the approval of the competent regulatory authority, and the transaction is expected to be completed by the end of June 2018. After the completion of the M&A business, the “Leica” project will be launched in Yinchuan, and the Yinchuan Binhe Ruyi Spandex project will gradually introduce “Leica” technology for R&D and production. The “Leica” brand and advanced technology will form an effective linkage effect with the Yinchuan Spandex project and enhance its competitive advantage. The Yinchuan Binhe Ruyi Spandex Project will lead the development of the domestic spandex industry. Yinchuan Binhe Ruyi will also become the world's largest and most technologically advanced spandex R&D and manufacturer. It will promote the Ningxia textile industry chain to a high-end extension, build an internationally renowned apparel brand, and further It is of great significance to strengthen the smart textile industry.