Textile company Unifi Inc. announced Wednesday that it has closed on a $9 million sale of its 50 percent stake in a China venture.

The Greensboro-based company, which makes yarn, sold its ownership in Yihua Unifi Fibre Industry Co., its joint venture with Sinopec Yizheng Chemical Fiber Co.

Unifi (NYSE: UFI) will continue to work with its Asia customers through Unifi Textiles Suzhou Co., its wholly owned subsidiary.