Jade Art Group, Inc (JADG.OB) a leading manufacturer of both hand carved and machine carved wood products in China, announced the formation of a new subsidiary. This subsidiary will be titled ‘Jiangxi SheTai Jade Industrial Company, Ltd’ and will be nicknamed JST.
JST’s business will involve the processing and sale of jade and jade-carved artwork. The subsidiary will be located in Jiangxi Yujiang, China, a major collection and distribution center for such products. By forming JST, Jade Art Group expects to benefit from the strong demand for traditional jade jewelry and artwork in China.
Hua-Cai Song, CEO of Jade Art Group, stated, “Jade Art Group will leverage its existing design expertise and distribution network to quickly develop and grow our new subsidiary’s product offerings.”
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