UAE Firm Acquires Masood Textile Mills Shares from Two Chinese Companies
The Competition Commission of Pakistan approved the acquisition of shares in Masood Textile Mills Limited by UAE-based Velora Global Ventures-F.Z.C. from two Chinese companies on September 24, 2026. The transaction involves equity transfers from Shanghai Challenge Textile Company Limited and Zhejiang Xinao Industry Company Limited. Regulators concluded in a Phase-I assessment that the deal would not lessen market competition.


