Pearl Global Industries through its wholly owned subsidiary Pearl Global (HK), Hong Kong has acquired 24.43% stake in overseas step-down subsidiary i.e. Alpha Clothing, Bangladesh. With this acquisition, the stake of the Company in Alpha Clothing, Bangladesh will increase from 52.11% to 76.54%. The cost of acquisition is $444,468.42.
Pearl Global Industries is an end-to-end clothing vendor and supplier with a presence across the globe.