---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-021578"
form_type: "8-K"
ticker: "JRSH"
cik: "0001696558"
company_name: "Jerash Holdings (US), Inc."
filed_at: "2023-03-21T23:59:59+00:00"
generated_at: "2026-06-17T22:19:27.214349+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Jerash forms JV with Busana Apparel Group for apparel production in Jordan; 51% ownership

## Summary
- Jerash subsidiary Treasure Success and Busana's Eratex form J&B International Ltd.
- Jerash owns 51%, Busana 49%; initial working capital $1.5M contributed proportionately.
- JV will produce apparel in Jordan for Busana's global branded customers seeking geographic diversity.
- Initial manufacturing expected to begin in H2 2023.
- Jerash cites duty-free export agreements with US, EU as advantage.

## SEC filing metadata
- accession: 0001213900-23-021578
- form_type: 8-K
- ticker: JRSH
- cik: 0001696558
- company_name: Jerash Holdings (US), Inc.
- filed_at: 2023-03-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1696558/000121390023021578/0001213900-23-021578-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1696558/000121390023021578/ea175567-8k_jerashhold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-021578
- JSON: https://secwatch.observer/filing/0001213900-23-021578.json
- Plain text: https://secwatch.observer/filing/0001213900-23-021578.txt

## Key facts
- Material Agreements
  Jerash Holdings (US), Inc. entered into Joint Venture and Shareholder’s Agreement with P.T. Eratex (Hong Kong) Limited (effective 2023-03-20).
  - Action: entry
  - Agreement: collaboration
  - Counterparty: P.T. Eratex (Hong Kong) Limited
  - Effective: 2023-03-20
  source text: On March 20, 2023, Jerash Holdings (US), Inc., a Delaware corporation (the “Company”), through its wholly owned subsidiary Treasure Success International Limited, a Hong Kong company (“Treasure Success”), entered into a Joint Venture and Shareholder’s Agreement (the “Agreement”) with P.T. Eratex (Hong Kong) Limited, a Hong Kong company (“Eratex,” and together with Treasure Success, the “Parties”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1696558/000121390023021578/0001213900-23-021578-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.