September 20, 2017 12:15 AM ET

Multiline Retail

Company Overview of New JoySun Corp.

Company Overview

New JoySun Corp. owns and operates department stores and wholesales alcohol and soft-drink beverages. The department store carries a wide-range of products including clothing, jeweler, health care products, cosmetics and toiletries aimed at the mid-end market. It operates one department store; and a chain of supermarkets comprising thirty-six supermarkets. It wholesales electrical appliances which include standalone and central air-conditioning systems. The company was founded in 1992 and is based in China. The company operates as a subsidiary of Da Mei (Ningbo) Electrical Appliance Limited.

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China

Founded in 1992

Key Executives for New JoySun Corp.

New JoySun Corp. does not have any Key Executives recorded.

New JoySun Corp. Key Developments

New JoySun Corp. and Sanjiang Shopping Club Co., Ltd Enters into Procurement and Sales Agreement

New JoySun Corp. (New JoySun), an indirect wholly-owned subsidiary of the Company, and Sanjiang Shopping Club Co. Ltd. (Sanjiang Shopping Club) has entered into the Procurement and Sales Agreement on 24 June 2015 whereby New JoySun agreed to sell the Commodities to Sanjiang Shopping Club for the period between 1 January 2015 and 31 December 2015. Pursuant to the Procurement and Sales Agreement, if Sanjiang Shopping Club and New JoySun shall continue to enter into transactions after expiry of the same, such transactions shall be conducted on the same terms and conditions of the Procurement and Sales Agreement until further agreed by the parties. New JoySun and Sanjiang Shopping Club intended to continue to enter into transactions from 1 January 2016 to 31 March 2016 on the same terms and conditions of the Procurement and Sales Agreement. Sanjiang Shopping Club shall settle the payment of each purchase within 45 days upon delivery. It is expected that the transaction amount in respect of the sales of the Commodities between New JoySun and Sanjiang Shopping Club for the year ending 31 December 2016 will not exceed RMB 25,000,000 (the 'Annual Cap').

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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