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Malaysia's Jadi Imaging Is 100% Committed To The Chinese Domestic Market.
Malaysian-based Jadi Imaging Holdings Bhd (Jadi) has disposed of its wholly-owned subsidiary Jadi Imaging Technologies (Suzhou) Co Ltd in Suzhou, China.
In public statements on August 10 and 13, the Board of Directors of Jadi announced the company was entering into a conditional share sale agreement with Xue Chengcai and Xu Xuehua for the proposed disposal of its entire equity interest in Jadi Suzhou for a total cash consideration of RMB32,800,000 (US$4.761 million).
Senior management at Jadi contacted RT Media following the news to advise Jadi remains 100% committed to the Chinese domestic market and asked for a clarifying statement to be published.
“The Chinese market is the most important in the industry,” a Jadi spokesperson told RT Media. “Jadi will continue to deepen and develop the Chinese market.” The spokesperson explained, as part of Jadi’s strategic plan, its wholly-owned subsidiary Zhuhai Jadi Imaging Technology Co., Ltd. is now in charge of Jadi’s Chinese business.
htt p://w ww. rtmworld.com/2d/news/jadi-to-deepen-and-develop-the-chinese-market/
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