JX Luxventure (JXJT) has released an update.
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JX Luxventure has entered a strategic cooperation agreement with Tianjin Zhongsheng United Automobile Trading Co., Ltd to enhance global luxury car procurement and sales. The collaboration aims to combine resources, expand market share, and improve business value through joint ventures in supply chain finance and vehicle sales, with a commitment of at least $100 million in business over 24 months. The agreement includes provisions for confidentiality, a dispute resolution mechanism, and is governed by the laws of the People’s Republic of China.
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