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UAE Firm Velora Global Acquires Masood Textile Shares from Two Chinese Companies

The Competition Commission of Pakistan has approved the acquisition of shares in Masood Textile Mills Limited by UAE-based Velora Global Ventures-F.Z.C. The transaction transfers equity holdings from two Chinese corporations, Shanghai Challenge Textile and Zhejiang Xinao Industry. Velora Global Ventures is registered in the Ajman Free Zone and focuses on commercial brokerage and wholesale textiles.

Published Source: The Nation
Panoramic aerial view of the Dubai skyline with Burj Khalifa, highways, and port docks at sunset

On September 24, 2026, the Competition Commission of Pakistan officially sanctioned an equity transaction granting UAE-based Velora Global Ventures-F.Z.C. a shareholding in Masood Textile Mills Limited, according to The Nation.

The transaction completes the formal transfer of equity previously held by two Chinese industrial entities: Shanghai Challenge Textile Company Limited and Zhejiang Xinao Industry Company Limited.

Velora Global Ventures is domiciled within the Ajman Free Zone Authority in the United Arab Emirates, where it operates in commercial brokerage and the wholesale trade of textile goods.

Regulatory authorities concluded following a Phase-I competition assessment that the cross-border transaction would not restrict or distort market competition within the sector.

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