JX Luxventure Limited Announces Formation of a Special Committee to Explore Sale of Menswear Business
JX Luxventure Limited (LLL)
Last jx luxventure limited earnings: 5/1 06:20 am
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Source: PR Newswire
HAIKOU, China, May 17, 2022 /PRNewswire/ -- JX Luxventure Limited (Nasdaq: LLL) (the "Company"), a company delivering comprehensive products solutions to global elite families serviced by our business customers with business segments covering menswear, cross-border merchandise and tourism, announced that its board of directors (the "Board") has formed a special board committee consisting of Li Hui Dan, Chairman of the Board, Mu Ruifeng, Chairman of the Audit Committee and Mr. Jin Yan, a member of the Audit Committee, to explore a potential sale of the menswear segment of the Company's business operation.Ms. Sun "Ice" Lei, Chief Executive Officer of the Company commented: "We have experienced a decrease in sales revenue and increase in loss of menswear segment of our business for several years, including in 2021. The management of the Company evaluated this trend and determined that there is no viable short-term strategy to make our menswear business profitable and that a potential s
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