Morrow Fashion and Fast Retailing Co., Ltd. signed the equity acquisition agreement to acquire 46.12% stake in Tianqin International Investment Co., Ltd. from Shandong Lulian New Materials Co., Ltd. for $14.6 million.
Morrow Fashion and Fast Retailing Co., Ltd. (TSE:9983) signed the equity acquisition agreement to acquire 46.12% stake in Tianqin International Investment Co., Ltd. from Shandong Lulian New Materials Co., Ltd. for $14.6 million on January 26, 2026. A cash consideration of $14.59 million will be paid by Morrow Fashion and Fast Retailing Co., Ltd.
For the period ending December 31, 2025, Tianqin International Investment Co., Ltd. reported total revenue of $50.41 million, EBIT of $3.5 million and net income of $2.68 million. As of December 31, 2025, Tianqin International Investment Co., Ltd. reported total assets of $32.35 million and total common equity of $18.3 million.
As of January 26, 2026, the transaction was approved by the board of directors of Lu Thai Textile Co., Ltd.
Fast Retailing Co Ltd is a Japan-based holding company primarily engaged in the clothing business. The Company operates through four business segments. The Japan UNIQLO segment is engaged in the sale of casual clothing in Japan market under the brand of UNIQLO. The Overseas UNIQLO segment is engaged in the sale of casual clothing in overseas markets under the brand of UNIQLO. The GU segment is engaged in the sale of casual clothing in Japan and overseas markets under the brand of GU. The Global Brand segment is engaged in the planning, manufacture and sale of clothing in Japan and overseas markets, and operates Theory, PLST, COMPTOIR DES COTONNIERS and PRINCESSE TAM.TAM businesses. The Company is also engaged in the real estate leasing business and other businesses.
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Morrow Fashion and Fast Retailing Co., Ltd. signed the equity acquisition agreement to acquire 46.12% stake in Tianqin International Investment Co., Ltd. from Shandong Lulian New Materials Co., Ltd. for $14.6 million.
