Hanung Toys & Textiles clarifies on news item regarding acquisition in China

With reference to the news item appearing in a leading Financial Daily titled "Chinese whispers about Hanung Toys", Hanung Toys & Textiles Ltd has clarified that, in order to expand the soft toys capacity, the Company finds the skilled labour as the major constraint, the Management is therefore contemplating of acquisition of a soft toys Company in China, where the industry has been existing and growing at a rapid pace. However, nothing concrete has been worked out so far on this and things are at initial stages. In one of the interactions, the Management has shared this view with a few Fund Managers on their asking about Company's future plans. No media briefing has been done on this issue. on their making about the Company has shared this view with a few Fund Managers on their making about the Company's future plans. No media briefing has been done on this issue.

Source : Equity Bulls

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