Shandong Ruyi to buy controlling stake in Hong Kong's Trinity for $285m

Shandong Ruyi to buy controlling stake in Hong Kong's Trinity for $285m

D'URBAN is one of the menswear brands owned by Trinity Group. Photo: D'URBAN website

Menswear group Trinity Ltd said Shandong-based textile maker Shandong Ruyi International Fashion Industry Investment Holding Co Ltd has agreed to buy shares representing 51.38 pct of its enlarged share capital for HK$2.22 billion ($284.62 million), raising funds for future acquisitions and to repay debt.

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