Asia
Shanghai Jahwa United Unit Receives Over 32 Million Yuan in US Tariff Refund
Shanghai Jahwa United (SHA:600315) U.S. unit Mayborn USA has received about 32.3 million yuan in tariff refunds and interest from the U.S. Customs and Border Protection.The amount represented 12.08% of the company's latest audited net profit, according to a Friday filing with the Shanghai bourse.The refund follows a U.S. Supreme Court ruling in February that struck down reciprocal tariffs imposed under the International Emergency Economic Powers Act, ordering the return of collected tariffs.Shares of the skin and hair care products manufacturer closed 1% lower Friday.
SHA:600315
