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The reason why they will purchase land , build a factory in...

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  1. 869 Posts.
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    The reason why they will purchase land , build a factory in Sydney & start manufacturing vitamins is because of this pending deal.
    quote
    In September 2018, Green Forest entered into an agreement with the largest Chinese medical andhealthcare group, Sinopharm, to supply vitamins, cosmetic products, dairy products and otherhealth-related consumer goods. The Group expects a boost to revenue from supplying to the 5,000-storepharmacy chain across China which Sinopharm is in the process of establishing.

    We expect to complete stage one of establishing the factory by late 2019 orearly 2020, contingent on planning approvals.Market TrendsJatenergy's Neurio products, distributed into pharmacies across Australiaand China, are in such high demand that we are confident the factory willbecome cash positive 12 months after production commences.end of quote

    A very wise move .
 
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