Anyone who has been following JAT has probably been waiting for this type of announcement.
They have been planning this for a long time.
This from an announcement on 14-SEP-2016
"The Board of Jatenergy Limited (JAT) are pleased to announce that it is in the process of finalising the setup of Henan JAT Trading Co., Ltd located in Henan China.
It is a fully owned subsidiary company of Jatenergy Limited and is focused on expanding Jatenergy’s presence in China."
This from the Investor Presentation on 28-DEC-2017.
"Second and third tier cities have become the business engine for China, with strong economic growth currently and in the foreseeable future.
Consumers in these areas are increasingly looking for high quality foreign products to reflect their aspirations.
JAT targets these developing areas, establishing a strong customer base through local partnerships. These include the E-Sky centre, and large supermarket networks in northern
China.
JAT Director, Mr Xipeng Li, is in the process of establishing a large Australian product
centre in Henan Province with more than 100 million people as potential customers."
The story is in its infancy stage and plenty more chapters to come. Trust that management know what they are doing and let them build this company into much more than just an IF company.
If you are MT/LT forget about today's SP unless you want to top up.
Patience will be rewarded.
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