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Jinjia Corporation Cancels Plan to Invest in UK

Business by 2FIRSTS.ai
May.14.2024
Jinjia Corporation Cancels Plan to Invest in UK
Jinjia Group terminates plans to establish a new tobacco industry subsidiary in the UK due to policy factors.

Recently, according to Jinjia Corporation (002191), in response to questions from investors on the interactive platform, the company stated that it has decided to terminate its plan to invest in establishing a new tobacco industry chain subsidiary in the UK due to a comprehensive consideration of policy factors in the new tobacco industry both domestically and internationally.

Jinjia Corporation Cancels Plan to Invest in UK
Question and Answer | Image source: Interaction Easy

 

Jinjia Group stated that the termination of the investment does not have a significant impact and will not affect the normal progress of its new tobacco-related business.

 

References:
[1] 互动易
Also Read:
[1] Jinjia Group: Restrictions Lifted on Controller, Investigation and Detention on Director
[2] Jinjia Group Appoints Interim Chairman and Legal Representative
[3] Jinjia Group: Continued Investment in E-Cigarettes
#Europe#Traditional tobacco#UK#Regulation#jinjia

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