PDS’ subsidiary -- Norwest Industries has proposed to acquire an equity stake of 10% in Norlanka Manufacturing, a Company incorporated under the laws of Hong Kong. Post transaction, the Norwest Industries’ total shareholding in Norlanka Manufacturing will be 100%. The acquisition aims to expand & create an opportunity in the fashion & apparel business. The acquisition is expected to be completed On or before July 31, 2023.
Norlanka Manufacturing is engaged in trading of ready to wear garments & apparels and other opportunities.
PDS is a design-led organisation and its talented design teams offer exceptional product development and design services customised to retailers’ requirements.
