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29/07/18
17:22
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Originally posted by Gurmat2015
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Good Evening All,
Due to not getting satisfied with just a paper I sometimes ring direct and speak with them. This is the information I got given today by company’s sect.
WHA has passed all technical aspects of CFDA. No CFDA license was issued since end of Feb due to some changes in the govt. Their recent conversation with their CFDA rep in China advised everything is approved it’s just a matter of license to be granted which can occur anytime from now. WHA has got many agreements in place which are just waiting for the license to be granted in order be executed straight away. Nothing is changed. Company’s fundamentals are still the same. WHA has also been advised by CFDA that they have successfully completed Technical review.
What I felt during that conversation?
This is just my view.
I don’t think it’s going to be longer now because it’s already approved waiting for the license to be granted.
Once license is granted with the amount of agreements in place I can’t predict where share price is going to be.
And I also asked Is new govt change going to impact anything?
As per conversation new govt change is going to issue the license due to all technical aspects are already successfully completed. That’s the only part left by them.
DYOR
GLTAH
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Hi Gurmat2015,
In April, you said, "WHA has also been advised by CFDA that they have successfully completed Technical review."
Was that from the company?
We have been advised WHA infant formula passed the technical evaluation by SAMR/CFDA. That meand WHA infant formula has also passed initial product test. Following two inspections, then determine formal approval.