Following Monday’s news that Bagir was in live discussions with a potential strategic partner, the group has today announced a proposed strategic partnership with Shangdong Ruyi Technology Group, a leading Chinese textile manufacturer, alongside a proposed $16.5m investment to acquire 54% (51% fully diluted) of the enlarged issued share capital. The new capital will principally be used to substantially expand the production capability in Ethiopia, on a much quicker timetable and with greater cer ....
23 Nov 2017
N+1 Singer - Bagir Group - Exciting strategic partnership proposed and $16.5m investment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Bagir Group - Exciting strategic partnership proposed and $16.5m investment
Following Monday’s news that Bagir was in live discussions with a potential strategic partner, the group has today announced a proposed strategic partnership with Shangdong Ruyi Technology Group, a leading Chinese textile manufacturer, alongside a proposed $16.5m investment to acquire 54% (51% fully diluted) of the enlarged issued share capital. The new capital will principally be used to substantially expand the production capability in Ethiopia, on a much quicker timetable and with greater cer ....