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.
JERASH HOLDINGS (US), INC. 
