Jay Ambe Supermarkets Limited holds 51% stake in new New Jersey-based City Square Global LLC Back
<p>Jay Ambe Supermarkets Limited, along with two other members, has formed City Square Global LLC, a domestic limited liability company in the State of New Jersey, United States of America, with Jay Ambe Supermarkets Limited holding 51% of the membership and a capital contribution of USD 5,100. The new entity will focus on the wholesale import, export, trading, and distribution of general consumer goods, and the formation is expected to enable the company to expand its sourcing and distribution network in overseas markets, although the capital contribution is not material to the company's financial position.</p>