Ann: Appointment of Executive Director, page-103

They are selling the stuff here already, its about volume moving forward. What do you think their Chinese partners are doing this for..The Australian market? This market is part of the process and not the big game.
They have secured $130m worth of contracts once the CFDA hits and some of that revenue without the CFDA. There will be more deals once the approval turns up over and above the $130m. I would suggest that sort of tells you where the company thinks growth is going to come from. I had products made in China but sold them in Australia. I did not sell them in China.
How many emerging companies have penned that sort of potential revenue in Australia within 2 years? They have secured several large distributors here and off shore. Metcash isn't a bad start locally.
There seems to be this thought that WHA has to sell here and compete with the big boys. The management have already stated they don't want to do that at scale and don't see BLA or A2M as competitors. One of their Chinese distributors has 1000 stores. Dont forget the other major Asian markets. WHA has a presence in three other countries.
If they just want to do the hard yards in this crowded market, why build a milk spray unit that can process 46-60m litres pa? WHA has its fingers in the entire process.
I am not saying their is no risk, even BAL and A2M got flogged at various times.