After the market closed on June 2nd, Shenzhen Ellassay Fashion Co., Ltd., announced an external investment. They disclosed that on May 30th, 2023, they signed a joint venture agreement with Nobis Inc., a Canadian high-end down jacket brand. The agreement entails the establishment of a joint venture company named “Nobis (Shenzhen) Apparel Co., Ltd.” in Shenzhen, China. The joint venture aims to develop and operate the “Nobis” brand business within mainland China (including Hong Kong and Macau, but excluding Taiwan).
According to the agreement, Ellassay will prov …
