Shandong Ruyi Will Become The Majority Shareholder Of Rennaun Company, Japan.

According to sources, the negotiations between Ruyi Renown, a struggling Japanese clothing manufacturer and Shandong, a Chinese textile company, have entered the final stage of the signing agreement.

Ruyi intends to use the third party share allocation to invest at least 40% of naun's share in the Japanese yen purchase, thus becoming the majority shareholder of the Japanese company.

Ruyi's investment will also occupy a place in Nao en, a famous brand.

On the other hand, he hopes to make full use of his sales network to expand his business in China.

By the end of February this year, sales of nnnn reached 129 billion yen, down 17.3% from a year ago, and accumulated 10 billion 900 million yen in four consecutive years.