A group of financial institutions consisting of Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management and China Everbright Limited has acquired the textile maker out of receivership. Ruyi Textile and Fashion International Group had defaulted on loans to the group related to the Jan. 2019 purchase of The Lycra Company, the group said, resulting in an enforcement action against the owners. Lycra’s brands, which ... Log in to view full article.