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Takween Advanced Industries Fully Takes Over Advanced Fabrics Factory Co.

MT Newswires·09/08/2026 01:39:32
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01:39 AM EDT, 09/08/2026 (MT Newswires) -- Takween Advanced Industries (SASE:1201) took full ownership of Advanced Fabrics Factory after it finalized a transaction that boosted its stake to 100%. The plastics packaging and non-woven fabric company said Tuesday that it purchased JOFO Nonwovens' 70% stake in Advanced Fabrics Factory under a share purchase agreement that was disclosed in April.