Interloop Limited (KASE:ILP) agreed to acquire 64% stake in Top Circle Hosiery Mills Co., Inc. on September 7, 2023. The Board of Directors of the Company and its shareholders and unanimously approved the aforementioned resolution in their Board Meeting held on September 07, 2023, and recommended to the Company?s shareholders for their approval with further authorization to the Board of Directors of the Company, to enter into a Share Purchase Agreements. Interloop Limited entered into agreement to acquire 64% stake in Top Circle Hosiery Mills Co., Inc. on December 1, 2023.

The transaction is subject to the procurement of all applicable regulatory and corporate approvals.