SUBSEQUENT EVENTS	3 Months Ended
Jun. 30, 2019
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 16 – SUBSEQUENT EVENTS On July 15, 2019, the Company, through Treasure Success entered into an agreement (the “Hong Kong Agreement”) to purchase office space in Hong Kong, and certain parking spaces (the “Hong Kong Property”), for use by Treasure Success. The Hong Kong Agreement provides for Treasure Success to purchase the Hong Kong Property from FGIL, which is 49% owned by the Company’s Chairman of the Board of Directors and Chief Executive Officer, Choi Lin Hung, through Merlotte Enterprise Limited, an entity wholly owned by Mr. Choi. The aggregate purchase price of the Hong Kong Property is HK$63,000,000, or approximately $8.1 million. Pursuant to the Hong Kong Agreement, Treasure Success paid an initial deposit of HK$6,300,000, or approximately $0.8 million, upon signing the Hong Kong Agreement. The purchase of the Hong Kong Property will only be completed if a special committee, consisting of the Company’s independent directors, approves Treasure Success’s purchase of the Hong Kong Property. The deposit is refundable in full, without interest, if the conditions precedent to the Hong Kong Agreement are not fulfilled on or prior to 5:00 p.m., Hong Kong time, on October 31, 2019. The remaining balance of the aggregate purchase price will be due after all conditions precedent to the Hong Kong Agreement are fulfilled. On July 29, 2019, our Board of Directors approved the payment of a dividend of $0.05 per share payable on August 19, 2019 to shareholders of record on August 11, 2019. On August 1, 2019, the Company, through Jerash Garments, entered into an agreement (the “Jordan Agreement”) to purchase 12,340 square meters (approximately 3 acres) of land in Al Tajamouat Industrial City, Jordan (the “Jordan Property”) for use as the future location of a dormitory for the Company’s employees. Jerash Garments is purchasing the Jordan Property from Specialized Investment Compounds Co. plc. The aggregate purchase price of the Jordan Property is JOD863,800, or approximately $1.2 million. Pursuant to the Jordan Agreement, Jerash Garments paid JOD345,520, or approximately $0.5 million upon signing the Jordan Agreement. The remaining balance of the aggregate purchase price was paid upon the transfer of ownership of the Property to Jerash Garments, which occurred on August 7, 2019.

NOTE 16 – SUBSEQUENT EVENTS

On July 15, 2019, the Company, through Treasure Success entered into an agreement (the “Hong Kong Agreement”) to purchase office space in Hong Kong, and certain parking spaces (the “Hong Kong Property”), for use by Treasure Success. The Hong Kong Agreement provides for Treasure Success to purchase the Hong Kong Property from FGIL, which is 49% owned by the Company’s Chairman of the Board of Directors and Chief Executive Officer, Choi Lin Hung, through Merlotte Enterprise Limited, an entity wholly owned by Mr. Choi.

The aggregate purchase price of the Hong Kong Property is HK$63,000,000, or approximately $8.1 million. Pursuant to the Hong Kong Agreement, Treasure Success paid an initial deposit of HK$6,300,000, or approximately $0.8 million, upon signing the Hong Kong Agreement. The purchase of the Hong Kong Property will only be completed if a special committee, consisting of the Company’s independent directors, approves Treasure Success’s purchase of the Hong Kong Property. The deposit is refundable in full, without interest, if the conditions precedent to the Hong Kong Agreement are not fulfilled on or prior to 5:00 p.m., Hong Kong time, on October 31, 2019. The remaining balance of the aggregate purchase price will be due after all conditions precedent to the Hong Kong Agreement are fulfilled.

On July 29, 2019, our Board of Directors approved the payment of a dividend of $0.05 per share payable on August 19, 2019 to shareholders of record on August 11, 2019.

On August 1, 2019, the Company, through Jerash Garments, entered into an agreement (the “Jordan Agreement”) to purchase 12,340 square meters (approximately 3 acres) of land in Al Tajamouat Industrial City, Jordan (the “Jordan Property”) for use as the future location of a dormitory for the Company’s employees. Jerash Garments is purchasing the Jordan Property from Specialized Investment Compounds Co. plc.

The aggregate purchase price of the Jordan Property is JOD863,800, or approximately $1.2 million. Pursuant to the Jordan Agreement, Jerash Garments paid JOD345,520, or approximately $0.5 million upon signing the Jordan Agreement. The remaining balance of the aggregate purchase price was paid upon the transfer of ownership of the Property to Jerash Garments, which occurred on August 7, 2019.