China–UAE News
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.
