Sateri China Holdings entered into an agreement to acquire majority stake in Linz (Nanjing) Viscose Yarn Co., Ltd. from Linz Textil Holding Aktiengesellschaft (WBAG:LTH) in March 2016. Sateri China Holdings completed the acquisition of majority stake in Linz (Nanjing) Viscose Yarn Co., Ltd. from Linz Textil Holding Aktiengesellschaft (WBAG:LTH) on May 31, 2016.