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Jatenergy buys stake in infant formula brand
(MENAFN) Jatenergy will buy 51% of an Australian milk powder brand that makes Golden Koala infant formula, Golden Koala Group.
The company has now stepped into the infant formula business with a brand that has had previous traction in China, following from the company's development of ione milk brand.
The first payment will include 2m USD in cash and 1.5m USD in Jatenergy shares issued at 1.8 cents per share.
The company has now stepped into the infant formula business with a brand that has had previous traction in China, following from the company's development of ione milk brand.
The first payment will include 2m USD in cash and 1.5m USD in Jatenergy shares issued at 1.8 cents per share.
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