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Sunday, February 04, 2024 12:12:44 PM
On October 13, 2023, we received a communication confirming the transfer of food contracts from JP Energy Partners to JP Energy Group. This transfer is a crucial step in advancing the acquisition process of JP Energy Group.
Furthermore, we were informed that this assignment involved a newly executed agreement for Grade A frozen chicken paws in addition to the previous sugar contract
It is important to highlight that shipments under the disclosed chicken and sugar contract cannot begin until JP Energy has finalized and obtained the essential standby letter of credit from a bank.
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