other_material
confidence high
sentiment neutral
materiality 0.15
Jerash Holdings terminates dormant Hong Kong joint venture with Newtech Textile
Jerash Holdings (US), Inc.
- Treasure Success and Newtech agreed to deregister Jerash Newtech, which never commenced business and has no liabilities.
- Joint Venture and Shareholder's Agreement will terminate upon deregistration under Hong Kong Companies Ordinance Section 750.
- JV was formed Oct 10, 2023, with Jerash holding 51% and Newtech 49%.
item 1.02item 9.01