US$20m injection for ailing David Whitehead

AILING David Whitehead is set for resuscitation by Parrogate subsidiary, Agri Value Chain (AVC), which will inject US$20 million into the textile company for its turnaround strategy.

It is expected that the turnaround strategy will create 1 000 jobs. The move comes after AVC acquired 100% shareholding in the company which was under reconstruction until April 2022.

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