Pacific Textiles Renews Three-Year Yarn Supply Pact With Major Shareholder Toray

Pacific Textiles Holdings ( (HK:1382) ) has provided an announcement.

Pacific Textiles Holdings has renewed its long-standing supply relationship with Toray Group by signing a new three-year master agreement for the purchase of yarns, effective from 1 April 2026 to 31 March 2029. The deal formalises ongoing transactions with a key shareholder-supplier and is structured to comply with Hong Kong connected transaction rules, requiring announcement, reporting and annual review but no shareholder approval.

Under the agreement, Toray will continue to sell yarns manufactured or owned by its group to Pacific Textiles on normal commercial terms, with specific orders setting product specifications, pricing and logistics. Pricing must be arm’s length and benchmarked against at least three quotes from other suppliers where possible, helping to demonstrate that terms are fair and comparable to market rates while securing continuity of supply of specialized materials for Pacific Textiles’ operations.

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 is a Hong Kong-listed textile manufacturer focused on producing yarns and related materials for the garment and fabric industry. The group maintains strategic supply relationships with major partners such as Japan’s Toray Group, which is also a substantial shareholder, supporting its access to specialised and patented yarn products.

Average Trading Volume: 1,647,788

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.59B

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