Ruyi Group plans IPO on Sci-tech Innovation Board for Lycra in China

▤ Summary

This launching ceremony announced that Lycra is landing on the capital market and entering a substantive stage of operation. On January 31, 2019, Ruyi Group has completed its acquisition of INVISTA’s Apparel & Advanced Textiles business, including a robust portfolio of highly respected Lycra Brand. It is significant that Ruyi Group helps Lycra enter China’s capital market and builds the whole industrial chain layout of the high-tech textiles and fashion brand. This acquisition could help Ruyi Group strengthen worldwide leading position in the fully-integrated textile company. At the moment, Ruyi Group owns nearly 30 fashion brands globally, and has close to 6000 shops operating in 81 countries and regions.

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