LJ International (NASDAQ: JADE) 200 Retail Jewelry Stores Strong and Growing in China
China the fastest growing jewelry manufacturer LJ International attempts to expand its operations in 60 more of them, actually. And today, after news that the company for $ 26,000,000 of the Shares and loans received by a large institutional investor and the bank, almost enough to cover the expansion may be. The share offer is the result of a joint venture of JP Morgan Chase and a company called Oasis for new shares of LJ, as well as purchase orders to buy shares in the subsidiary ENZO LJ, B stores, the company sold the jewelry. JP Morgan and Oasis hit show this month at the 8th October 2010. Industrial and Commercial Bank of China was developing a line of credit in the amount of $ 13,000,000 at an interest rate of 5% in the capital needed to cover the ENZO brand. The new stores will be opened in 2011. Once the new locations will be opened LJ have a total of 200 stores in operation ENZO in China. In what could be the largest economy in the world to LJ is ready for significant growth as the difference between class and poor is growing in China begins to compress enjoy. Retail clothing of various sectors in China, sales growth, expansion and income reported in the country this year increased GDP rebounds and personal discretionary spending in China.
The funding announced today is a milestone in implementing its growth strategy based on LJI low, said President and CEO Yu Chuan Yih LiveJournal.combined, like many other small-cap companies in our index, equity and loan financing says more about the future of the company that makes the present. The institution ICBC is one of the largest and most respected banks in China, and the investment in shares of JP Morgan and Oasis reflects prospects for continued growth for the company of LJ. Investment in shares of JP Morgan and Oasis comes with the command when you run, the market cap 126 million LJ International has an assessment of $ 300,000,000 market capitalization. The order details were not disclosed, but investors reacted positively. LJ hand are now $ 0.32, or about 6.6% to $ 5.17 per share just over half the volume of trade.
LJ International designs, brands, markets and distributes a complete line of jewelry like earrings, necklaces, pendants, rings and bracelets in its ENZO stores. The company is vertically integrated, engaged in mining and jewelry wholesale fine jewelry, department stores, national jewelry chains and electronic retailers and specialty chemicals in North America, Western Europe and now China.


