THE share price of textile manufacturer Yukon Holdings, formerly YGM International, made a dramatic recovery after the company became the subject of takeover speculation in August. The speculation subsequently proved to be correct. Excellent Fortune had successfully acquired a stake of more than 90 per cent following a general offer in early December. Its shares were suspended on December 5 for a placement which would ensure 25 per cent of the company was in public hands. The group will be renamed Bestwide Group on completion of the takeover. But chairman Li Chun has declined to reveal when Excellent Fortune would inject assets into the ailing textile group. He admitted the takeover was intended to save time. 'It takes at least three years for us to arrange floatation and we would then miss the opportunities,' he said. Yukon announced an attributable profit of $18.74 million in the six months ended September 30, but most of the profit was generated from the disposal of property.