Hi 8horse, I am glad to see you hold WHA again. I follow your...

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tani7893

19 Posts.

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05/08/18

02:06

Post #: 34725870
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Originally posted by 8horse ↑

Bear in mind, the 1-2 years timeframe was estimated by the agent, not the official timeframe.

a2 Milk submitted CFDA application in May 2017, received CFDA approval within FIVE months on 28 September 2017.
View attachment 1220876

Here's official procedure for SAMR/CFDA approval:

Source: China CFDA Finalizes Infant Formula Registration Rules, By Erex Chen, Mylink Law Office

On 6 April 2018, ASX announcement:

CFDA Update

Further to the announcement on 20 November 2017, WHA can confirm it has submitted all
supplementary documentation requested by CFDA, in February 2018. WHA’s consultants in China
have confirmed no further requests for information have been made by CFDA and WHA’s application
is on track for final accreditation.

On 27 July 2018, ASX announcement:

Further to our announcement of 6 April 2018, WHA has passed technical evaluation for State Administration for Market Regulation (SAMR, formerly known as CFDA) accreditation for China. WHA is now waiting for formal approval and attainment of SAMR, on receipt of which revenue is projected to reach in excess of $140 million over a 42-month period in the China market.
Cash at bank at the end of the quarter was around $50 million with nil debt.

Since the first CFDA approval released on 4 August 2017, most applications were approved in about 5 months.
However, it takes a bit longer due to Chinese new year and restructure of the CFDA to SAMR.
I think the SAMR approval should be around the corner.

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Hi 8horse,

I am glad to see you hold WHA again.
I follow your bullish call when it was 0.96 last year and sold around $2 at good profit.
Looking to jump back in as the CFDA around the corner.
Do you mind me asking what is your proportion in WHA? or which is your largest holding now?
Again, thank you.

WHA Price at posting: $1.40 Sentiment: None Disclosure: Not Held
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