山东如意公司终止收购巴基斯坦上市纺织公司Masood

Shandong Ruyi terminates Masood Textile investment offer
The Shandong Ruyi Technology Group of China led investors have terminated their offer to invest in Pakistan-based Masood Textile Mills Limited.
On December 10 last year, the Shandong Ruyi Technology Group, Shahid Nazir Ahmad and Nazia Nazir announced their intention to acquire 31.2 million ordinary shares or 52 percent stake in Masood Textile Mills, a Faisalabad-based vertically-integrated textile manufacturing company possessing in-house facilities for yarn, knitting, fabric dyeing, processing, laundry and apparel manufacturing.
Subsequently, the proposal was approved by the Co mpetition Commission of Pakistan (CCP), the Chinese Ministry of Commerce (MoC), the National Development and Reform Commission (NDRC) of China, as well as the State Administration of Foreign Exchange.
In a filing to Karachi Stock Exchange, both parties said, “As … the conditions required to be fulfilled under the Share Purchase Agreement (SPA) between the sellers and the acquirers have not been fulfilled for proceeding with the acquisition transaction within the agreed timelines, the completion of the transaction is no longer possible under the terms of the SPA.” The companies further said that they have decided not to pursue the transaction any further and have mutually terminated the agreement.
Shandong Ruyi Technology Group, based in the Shandong province of China, is one of the top ten Chinese enterprises in the textile industry involved in textile and clothing, cotton textile, cotton printing and dyeing, knitting, fiber, and jeans. The company also has a state-grade technical center and research and development (R&D) department.
Masood Textile Mills is one of the few vertically integrated textile mills in Pakistan with annual production capacity of about 120,000 dozen per month of fashion garments like Polo, Rugby and Henley shirts along with basic garments like crew neck t-shirts, sweat shirts, boxer shorts and bikinis.
译文如下：
山东如意公司终止收购巴基斯坦上市纺织公司Masood
山东如意科技集团为首的投资者已终止了对巴基斯坦上市纺织公司马苏德纺织厂有限公司（Masood Textile Mills）的收购。
去年12月10日，山东如意科技集团、Shahid Nazir Ahmad以及Nazia Nazir 宣布有意收购马苏德纺织52%的股权。马苏德纺织厂位于费萨拉巴德，是一家垂直整合的纺织厂，拥有室内纱线、针织、面料印染、加工、洗涤和服装制造设施。
随后，该收购还相继获得巴基斯坦竞争委员会（CCP）、中国商务部（MoC）和中国国家发改委（NDRC）以及国家外汇管理局等部门的审批。
在一份提交给该国卡拉奇证券交易所的文件中，双方表示由于未能在约定期限内达成股份收购协议（SPA）所规定的条件，双方已不可能在该SPA协议条款下完成收购。而且双方还表示终止该收购案。
山东如意科技集团总部位于中国山东省，是中国毛纺织最具竞争力十强企业，公司经营范围涉及纺织品和服装、棉纺织品、棉印染、针织、纤维和牛仔裤。该公司还拥有一个国家级技术中心和研发部门。
马苏德纺织厂是一家垂直整合的纺织厂，纺织厂每月生产大约12万打时装，如马球、橄榄球和亨利衬衫以及基本服装，像圆领T恤、汗衫、短裤和比基尼。