Skip to content

Connecting business. Building understanding. Advancing peace.

Become a Member

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.

Published Source: The Nation
Museum of the Future and chrome hand sculpture in Dubai under daylight
17 January 2023, Dubai, UAE: Famous Future museum in shape of Crescent with arabic inscriptions and hand sculpture

On September 24, 2026, the Competition Commission of Pakistan approved the acquisition of shareholding in Masood Textile Mills Limited by UAE-based Velora Global Ventures-F.Z.C. from two Chinese enterprises.

The cross-border transaction transfers equity from Shanghai Challenge Textile Company Limited and Zhejiang Xinao Industry Company Limited under a formal share purchase agreement.

Velora Global Ventures is registered with the Ajman Free Zone Authority in the UAE and operates in international wholesale textile trade and commercial brokerage.

According to the Competition Commission of Pakistan, a Phase-I competition assessment determined that the transaction would not lessen competition in the relevant market.

Sources

More from China–UAE News

View all
China–UAE News
Source: MEED

Chinese-Linked Automaker Rox Begins Commercial Vehicle Assembly in Abu Dhabi

Chinese-affiliated automaker Rox launched commercial vehicle assembly operations at Khalifa Economic Zones Abu Dhabi on September 25, 2026. The initial rollout included three Rox Adamas models bearing the 'Made in the Emirates' quality mark. The company aims to produce 20,000 vehicles annually by 2027 and expand capacity to 300,000 per year by 2030.

China–UAE News
Source: Telecompaper

Alibaba Cloud Plans UAE Data Centre Expansion in Global AI Push

Alibaba Cloud has announced plans to expand its data centre presence in the UAE and other international locations over the next 12 months. The announcement was made during its 2026 Apsara Conference alongside the launch of three enterprise AI suites. The company aims to surpass 20 gigawatts of international data centre capacity by 2032.

The UECN Brief

Policy updates, China–UAE business news and industry insights, delivered to your inbox.

Language
Subscriptions

Double opt-in: we send a confirmation link. Unsubscribe at any time. Privacy