Why JX Luxventure (JXJT) Stock Is Skyrocketing
Portfolio Pulse from Henry Khederian
JX Luxventure Ltd (NASDAQ:JXJT) shares surged by 29.4% to $1.47 after its subsidiary, JX Hainan, entered into a $100 million cooperation agreement with Tianjin Auto Trading to market and sell foreign luxury automobiles in China. The partnership aims to enhance growth and profit margins by leveraging JX Hainan's procurement expertise and Tianjin's sales platform.
July 02, 2024 | 7:28 pm
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JX Luxventure Ltd (NASDAQ:JXJT) shares surged by 29.4% to $1.47 after its subsidiary, JX Hainan, entered into a $100 million cooperation agreement with Tianjin Auto Trading to market and sell foreign luxury automobiles in China. The partnership is expected to enhance growth and profit margins.
The $100 million cooperation agreement is a significant development for JX Luxventure, likely to boost its revenue and profit margins. The market has reacted positively, as evidenced by the 29.4% increase in share price.
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