Eagle Nice Expands with Acquisition of Sportswear Firm

Eagle Nice (International) Holdings Ltd. (HK:2368) has released an update.

Eagle Nice (International) Holdings Ltd. has announced the conditional acquisition of Wisdom Innovation Holdings Limited, with the deal involving an initial sum of US$28.7 million, partially settled by issuing shares. This strategic move will lead to the integration of a sportswear manufacturing entity in Vietnam into Eagle Nice’s portfolio, potentially expanding its production capabilities and market presence. The transaction is subject to conditions and will result in the inclusion of the target’s financials into Eagle Nice’s consolidated statements.

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