Jerash Holdings (US) Inc., through its wholly owned subsidiary Treasure Success International Limited, is set to terminate its joint venture business operations with P. T. Eratex (Hong Kong) Limited. The joint venture company, J&B International Limited, based in Hong Kong, will dissolve following a shareholder meeting where the decision was made to end its operations. Treasure Success holds 51% of the equity interests in J&B, while Eratex holds 49%. The dissolution process, which includes completing outstanding sales orders and addressing customer liabilities, is expected to be completed by April 2027. The termination of the Joint Venture and Shareholder's Agreement will be finalized upon the dissolution of J&B.
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