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.