Jerash Holdings to acquire manufacturing facility for $3.4M, to increase capacity by 40%

Jerash Holdings (US), Inc.

Purchase price 2.4M Jordanian Dinars (~$3.4M); $0.6M down payment, $2.8M bank financing over 8 years.
Additional ~$5.0M for renovation and equipment; new flagship production complex expected by end of 2026.
Capacity to increase by at least 40%; facility adjacent to existing operations in Amman, Jordan.
Facility is 184,000 sq. ft.; expected to employ up to ~2,500 workers gradually as demand grows.
First principal payment due February 2027; renovation and equipment installation before operations.

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