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Shandong Ruyi takes majority stake in Bagir

2017-11-23 15:30:00| Daily apparel & textile news and comment - from just-style.com

Chinese textile major Shandong Ruyi has bought a majority stake in Israel-based tailored clothing manufacturer Bagir Group, marking the third acquisition for the company in the last two months. Bagir doubled in value on the news as its share price jumped 118% to 3 pence.

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