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House of Pearl to buy 38 pct in Vietnam garments firm

House of Pearl to buy 38 pct in Vietnam garments firm

Write: Delcine [2011-05-20]
House of Pearl Fashions Ltd (HOPF.BO: Quote, Profile, Research), said on Monday its unit has agreed to acquire 38 percent stake in Vietnam-based garments firm Nam Long Garment Joint Stock Co.

The deal will enable House of Pearl to set up a manufacturing base in Vietnam, it said in a statement.