JAT 2.24% 68.5¢ jatcorp limited

JAT_Special Buyer Entered The House., page-29

  1. 389 Posts.
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    @Wise_One if you read the full context it does not mention GK's IF.

    "In order for JAT to be able to sell its milk powder, cosmetic products and vitamins into China, it is necessary to undertake the regulatory work required to obtain the approval of the China Food and Drug Administration (“CFDA”) for those products. JAT has engaged Scibus, a leading Australian authority in the medicine, nutrition and management of dairy cattle, to prepare and lodge the CDFA application. To finalise the application, JAT is required to contract with the Australian milk powder supplier. JAT is currently evaluating five Australian suppliers and a final decision is expected imminently, after which Scibus can proceed with the application. The CFDA application is expected to be lodged in April 2018. Based on past experience, it is expected that approval will be obtained at some time between by July and September 2018. "

    Note it says "To finalise the application, JAT is required to contract with the Australian milk powder supplier. JAT is currently evaluating five Australian suppliers and a final decision is expected imminently". GK already has its CNCA in NCA. So I don't think the CFDA Application mentioned above is related to the GK side of the business. I suspect that NCA may have already submitted the CFDA application but JAT are not allowed to announce it as it would affect their SP based on a company they don't own yet. I suppose we will find out the true status of GK next week.
 
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