Import license

JX Luxventure Limited Expands Its Product Portfolio And Signs USD50,000,000 Automobile Sales Agreement

Retrieved on: 
Tuesday, July 26, 2022
U.S. Securities and Exchange Commission, India–Singapore Comprehensive Economic Cooperation Agreement, Import license, Person, Private Securities Litigation Reform Act, Tourism, LLL, Agreement, Kaiwo Maru (1989), Company, Security (finance), International Consumer Research & Testing

Kaiwo is an automobile distributor and holds one of the limited number of duty-free car importer licenses ("Duty Free Import License") in China.

Key Points: 
  • Kaiwo is an automobile distributor and holds one of the limited number of duty-free car importer licenses ("Duty Free Import License") in China.
  • Pursuant to the Agreement, Kaiwo will sell high-end foreign luxury automobiles supplied by JX Hainan under the Duty-Free Import License in the amount of up to USD50,000,000.
  • We have decided to expand into the high-end automobile business through our cross-border merchandise segment to capture the market potential.
  • This press release may contain certain "forward-looking statements" relating to the business of JX Luxventure Limited, and its subsidiary companies.