US-based company Lexor Holdings Inc has acquired jeans maker Jeantex Inc in order to open up new opportunities in the textiles and clothing markets.

According to the terms of the merger deal, Lexor has bought 100 per cent of Jeantex's issued and outstanding shares and will issue 56,350,000 new restricted shares in connection with this transaction.

Lexor was assisted in the transaction by international advisory services provider Providential Holdings Inc.

Providential Holdings is receiving stock in Jeantex Group as compensation for its advisory services and will retain a minimum of ten percent equity in the new combined company.

Lexor Holdings has submitted paperwork with the State of Florida to change its corporate name to Jeantex Group Inc.

Jeantex makes denim jeans for brand names such as ABS, Blue Cult, Guess, Hurley, Limited Express, and Lucky.