Jadeart Group Inc (JADA) Financiero

Jade Art Group, Inc. engages in the distribution and sale of raw jade, which serves as decorative construction material for both the commercial and residential markets, and as jewelry. The company is headquartered in New York City, New York and currently employs 35 full-time employees. The company went IPO on 2011-02-23. The firm has formed a wholly owned Chinese subsidiary, JiangXi SheTai Jade Industrial Company Limited, to engage in the sale and distribution of raw jade throughout China. The firm distributes and sells raw jade sourced from the SheTai Jade Mine owned by Wulateqianqi XiKai Mining Co., Ltd. (XiKai Mining). The firm distributed about 7,400 tons of jade during the year ended December 31, 2009. Its major customers include Shenzhen Hongda Artcraft Co., Quanzhou Tianxia Huicui Jade Co., Suzhou Cuiping Jade Co., Putian Licheng Qiyushengshi Co. and Bengbu Huacui Jade Co.