JX Luxventure rises on $30 mln sales deal
04/04/2022 17:17
** U.S.-listed shares of China's JX Luxventure Ltd LLL.O
up ~21% at $4.41 after co signs sales deal
** Stock seeing largest intraday pct gain since March 24
** LLL's unit signed a sales deal for pet food distribution
with e-commerce platform operator Ragdoll International Trading
Co Ltd urn:newsml:reuters.com:*:nPn4zlXcfa
** Deal was signed on March 31, co said
** Ragdoll will purchase pet-food worth $30 mln from LLL's
unit under the terms of the agreement to distribute on platforms
operated by it
** Co signed a similar sales deal worth $60 mln earlier in
March with online pet food shopping platform Chongqing E-Pet
urn:newsml:reuters.com:*:nL3N2VP3HA
** YTD, shares up 96%
(Reporting by Sohini Podder in Bengaluru)
((sohini.podder@thomsonreuters.com))