September 23, 2017 8:52 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Men-Chuen Fibre Industry Co., Ltd.

Company Overview

Men-Chuen Fibre Industry Co., Ltd. manufactures fabrics. The company engages in knitting, dyeing and finishing of fabric. The company was founded in 1987 and is based in Taipei, Taiwan. Men-Chuen Fibre Industry Co., Ltd. operates as a subsidiary of MDS Group.

10F, No. 392, Sec. 1

Nei-Hu Rd

Nei-Hu District

Taipei,  114

Taiwan

Founded in 1987

Phone:

886 2 2799 0858

Fax:

886 2 2799 0959

Key Executives for Men-Chuen Fibre Industry Co., Ltd.

Men-Chuen Fibre Industry Co., Ltd. does not have any Key Executives recorded.

Men-Chuen Fibre Industry Co., Ltd. Key Developments

Prolexus Bhd Enters into a Memorandum of Understanding with MenChuen Fibre Industry Co., Ltd. for Forming a Strategic Partnership

The Board of Directors of Prolexus Bhd announced that the company had on 05 February 2016 entered into a Memorandum of Understanding with MenChuen Fibre Industry Co., Ltd. for the purpose of forming a strategic partnership between the parties to further enhance their business activities and complement each other's businesses. Features of the MOU are: PROLEXUS intends to expand into upstream garment production through its subsidiary, Trans Pacific Textile (M) Sdn. Bhd., by setting up a fabric mill. MC shall participate in the new fabric mill by investing and subscribing for an amount to be agreed upon in the issued and paidup share capital of TPT and provide its expertise in all relevant areas. PROLEXUS shall also be setting up a garment manufacturing plant in Vietnam as part of the Group's capacity expansion plans. MCV shall invest in the proposed Vietnam plant for an amount to be mutually agreed upon and in turn PROLEXUS shall invest a similar stake in MCV. An agreement embodying all the terms and conditions that the parties have agreed upon shall be executed within 6 months from the date of the MOU. Each party shall be at liberty to enter into the agreement either under its own name or any of its subsidiaries, associate companies or newly incorporated entities. The MOU is not subject to the approval of shareholders or any relevant authorities. Nevertheless, the approval of shareholders or any relevant authorities are dependent on the terms of the definitive agreement to be agreed upon and signed.

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Recent Private Companies Transactions

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