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Ajman Free Zone Authority

China–UAE News
Source: The Nation

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.

China–UAE News
Source: Business Recorder

UAE Firm Cleared to Acquire MTML Stakes from Chinese Investors

The Competition Commission of Pakistan has approved the acquisition of shares in Masood Textile Mills Limited by UAE-based Velora Global Ventures from two Chinese investors. The transaction involves equity held by Shanghai Challenge Textile and Zhejiang Xinao Industry under a July 2026 agreement. Regulators concluded the Phase-I review found no adverse impact on market competition.

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