Tranche Update on Jerash Holdings (US), Inc.'s Equity Buyback Plan announced on June 13, 2022.
June 27, 2023 at 08:05 am EDT
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From January 1, 2023 to March 31, 2023, the company has repurchased 82,885 shares, representing 0.67% for $0.4 million. With this, the company has completed the repurchase of 239,478 shares, representing 1.92% for $1.17 million under the buyback announced on June 13, 2022.
Jerash Holdings (US), Inc., through its wholly owned subsidiaries, is principally engaged in the manufacturing and exporting of customized, ready-made sportswear and outerwear from knitted fabric and personal protective equipment (PPE) produced in its facilities in the Hashemite Kingdom of Jordan (Jordan). The Company manufactures and exports custom, ready-made, sportswear and outerwear for global brands and retailers. The global brands and retailers include VF Corporation, which owns brands, such as The North Face, Timberland, and Vans; New Balance, G-III, which licenses brands, such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess; American Eagle; and Skechers. Its sportswear and outerwear product offering consists of jackets, polo shirts, t-shirts, pants, and shorts. Its primary product offerings include shorts, pants, and vests. Its PPE product offering consists of branded (washable) and disposable face masks, medical scrubs, protective coveralls, and surgical gowns.