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Quick take: Jadi slips on premium stationery venture

TheStar Fri, Jul 10, 2020 09:49am - 4 months ago

KUALA LUMPUR: Shares in JADI Imaging Holdings Bhd fell over 7% in early trade Friday in active trade.

The toner manufacturer shed 7.69%, or 0.5 sen to six sen with 3.9 million shares traded.

Jadi is making foray into the premium stationery segment as the exclusive distributor of the Nusign brand products.

The group signed an international commercial agency with Ningbo Deli Import & Export Co Ltd (Deli), through its wholly-owned subsidiary Jadi Life Solutions Sdn Bhd (JLS).

“The exclusivity covers the territory of Malaysia, where JLS has exclusive rights to distribute all products under the Nusign trademark brand name,” it said.

China-based Deli is the largest stationery manufacturer in Asia with more than 2,000 products sold in more than 100 countries through seven facilities.

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