Send PM
Followers 126
Posts 23839
Boards Moderated 1
Alias Born 09/14/2016

FREE
JWEL REPORT

Re: None

Thursday, 07/29/2021 9:38:03 AM

Thursday, July 29, 2021 9:38:03 AM

Post# of 13
#NASDAQ $JWEL News! Jowell Global Ltd. Announces Acquisition of Certain Equity Interests in Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd. https://on.mktw.net/3f90L78

Shanghai, China, Jul 29, 2021 (GLOBE NEWSWIRE via COMTEX) -- Shanghai, China, July 29, 2021 (GLOBE NEWSWIRE) -- Jowell Global Ltd. ("JWEL" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health, nutritional supplements, and household products e-commerce platforms in China, today announced that its variable interest entity Shanghai Juhao Information Technology Co., Ltd. ("Shanghai Juhao") has entered into a Capital Increase Agreement to acquire 18.96% equity interest in Suzhou Industrial Park Hongrun Rural Small Amount Loan Co., Ltd. ("Hongrun Small Loan") for an aggregate consideration of RMB30 million (approximately $4.6 million) in cash. The investment by Shanghai Juhao will be ear-marked for the loans to the owners of Juhao Best Choice Stores for their business development and expansion. Juhao Best Choice Stores are the community group-buying franchise stores launched by Shanghai Juhao in April 2021.

#MarketWatch #Stockalert #investing #trading #stocks #nasdaq

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent JWEL News