Zhejiang Red Green Blue Textile Printing and Dyeing Co., Ltd. (referred to as “Red Green Blueâ€) successfully signed a British capital fund, Yinglian Investment, to complete strategic financing. “Red, Green and Blue†is also the first textile enterprise in Keqiao District to introduce foreign capital.
Qiao Yanjin, director of the National Textile Information Center, believes that the investment of “Red, Green and Blue†by Yinglian Investment is the recognition of Keqiao Textile Industry Technology and Fashion Creative Industry by global capital.
Yinglian Investment is a leading global emerging market investment fund company. Since entering China in 2000, it has successfully completed investment in 23 domestic enterprises with a total investment of more than 1 billion US dollars. So far, “British Union†has invested in projects in China including CNOOC, Mengniu, Qiuqiuqiu, 7-day hotel chain, Kai Tak Education, Nanjing Mini-Chuang, Kemei Bio and other outstanding local enterprises. The investment of “British Union†will provide relevant industry experience for “Red, Green and Blueâ€.
For this investment, Actis Private Equity Business Managing Director Lin said: "China has been the world's leading exporter of textile fabrics, 'RGB', with its differentiated products and strong design ability to enter new markets We are very confident in the development of the company."
"RGB" is our region a research and development, production, processing and marketing of high-end women's fabric printing and dyeing enterprises, the National Textile Development Center Award for the state of digital printing product development base. Known for its strong internal design capabilities, the company has been hailed by industry experts as “China's leading textile fabric company with distinctive characteristicsâ€. Its R&D fabrics are distributed to 80 countries and regions around the world through a distribution network. Under the macro background of weak overall demand in the international market, the company's foreign trade exports have grown steadily for many years.
On the "Actis" and "RGB" This strategic investment and financing cooperation, Joe Yan Jin believes that as Keqiao textile industry cluster, there must be a global pattern, with a global vision, to consider promoting the economy on a piece of cloth. As a textile company, there must also be a global pattern, not only to make full use of existing equipment and a large number of government-provided policies, but also to integrate fashion, information, capital and global resources. Under the global situation, focusing on the effective needs of market segments, we will focus our limited funds on product development in the second and third phases, and make each fist product better.
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