WHA has been well set up as an early player of infant formula listed companies on ASX.
● Tied up with supplier, Organic Dairy Farmers of Australia
● Strategic investing in manufacturer, 5% Blend & Pack
● Secures CNCA licence for WHA formula in Blend & Pack
● Distribution agreement with largest Chinese mums and baby store, Aiyingdao
● Distribution agreement with Metcash, i.e. IGA
● 2.5% Joint Venture with ODFA, Blend & Pack, Masion (owns 55% of Aiyingdao) to develop organic baby products
WHA is currently raising $9.5m cash @56c to fund strategic investment in Blend & Pack and proposed joint venture with ODFA, B & P and Masion.
WHA has already had Chinese version baby formulas,
Australian version:
WHA have donated,
1. CNY4m worthy (about $800k) infant formulas to local Chinese in Guangdong province in May 2017.
2. CNY288k worthy infant formulas to local Chinese in Chongqing in July 2017.
(there is a translation error, million in fact was, 10,000)
http://www.weibo.com/wattlehealth?refer_flag=1005050010_&is_hot=1#_loginLayer_1501247506809
WHA has an official blog on weibo.com, promoting their products and brand directly to Chinese customers,
https://m.weibo.cn/u/5993686121?uid...61&lfid=4098344534079414&featurecode=20000180
DYOR.
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