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An announcement from Pacific Textiles Holdings ( (HK:1382) ) is now available.
Pacific Textiles Holdings has announced a leadership transition, with long-serving executive director and chairman Masaru Okutomi resigning from his roles, including chief executive officer and committee memberships, effective 1 April 2026 as he retires to spend more time with his family. The board said Okutomi has no disagreements with directors and no issues need to be brought to shareholders’ attention, while he will also step down as the company’s authorised representative and process agent on the same date.
The company has appointed Toray veteran Teruo Funahashi as executive director, chairman, chief executive officer and member of both the nomination and remuneration committees, as well as authorised representative and process agent, effective 1 April 2026. Funahashi, who has extensive management experience across Toray’s fiber and industrial materials operations in Asia, has signed a service agreement running to March 2028 with annual remuneration of about HK$4.54 million, signaling continuity of influence from substantial shareholder Toray and a potentially smooth transition for governance and operational oversight.
The most recent analyst rating on (HK:1382) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Pacific Textiles Holdings stock, see the HK:1382 Stock Forecast page.
More about Pacific Textiles Holdings
Pacific Textiles Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the textiles sector through a group structure focused on fabric and fiber-related businesses. The company counts Toray Industries, Inc., a major Japanese fiber and materials producer, as a substantial shareholder, underscoring its strategic links to regional synthetic fiber and industrial materials markets.
Average Trading Volume: 1,973,302
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.71B
For detailed information about 1382 stock, go to TipRanks’ Stock Analysis page.