The move is directed at constraining large jewellery imports in the recent times.
In one of the major corporate mergers, a letter of intent has been signed by Zalemark Holding Company, to merge M&L Jewelry Company with Zalemark. M&L Jewelry, headquartered in Los Angeles, California, has a portfolio of design and manufacturing in Guang Zhou City, China, and commands a repute in the country’s jewellery sector. The merger will allow Zalemark to utilise the manufacturing and distribution expertise of M&L, and leverage its brands. %% The process of the merger is subject to negotiation and transactions of binding definitive documents, and other required norms and conditions.
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