BRIEF-Texhong textile group company entered into acquisition agreement with vendor

March 16 (Reuters) - Texhong Textile Group Ltd:

* Company entered into acquisition agreement with vendor

* Aggregate consideration for acquisition was about US$53.65

million

* Parties are company as purchaser and Nien Hsing Textile Co

as vendor

* Expected that capital expenditure on target group

companies will amount to about US$25 million for year ending 31

december 2017

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