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Benzinga
Benzinga
Business
Shivani Kumaresan

Read Why JX Luxventure Shares Have Tripled Today

  • JX Luxventure Ltd (NASDAQ:LLL) subsidiary JX Hainan signed a cooperation agreement with the Chinese pet food shopping platform, Chongqing E-Pet Technology Co Ltd.
  • Under the agreement, Chongqing E-Pet will purchase up to $60 million worth of cross-border pet foods from JX Hainan to distribute on its platform.
  • "This cooperation shows the ever-growing demand for the cross-border pet foods in China and opens a new category of cross-border goods for JX Luxventure," said CEO Sun Lei.
  •  "After a stellar year of revenue growth of 2021, this agreement puts JX Luxventure on pace to have another one for 2022."
  • Price Action: LLL shares are trading higher by 195% at $5.90 on the last check Tuesday.
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