Texwinca (321 HK): Even Cheaper Than Pacific Textiles (1382 HK)
Following the recent Offer for Weiqiao Textile Co (2698 HK), I flagged Pacific Textiles (1382 HK) as a potential M&A play.
Also in this space is Texwinca Holdings (321 HK) which is trading down towards its Covid-affected lows.
Both Pacific Textiles and Texwinca are pursuing a Vietnamese expansion. Texwinca is trading cheaper to Pacific Textiles, is net cash, and has a superior yield..
Keep reading with a 7-day free trial
Subscribe to Hong Kong/China M&A/Events to keep reading this post and get 7 days of free access to the full post archives.