Great news QUOTE On 8 August 2019, Australia-Asiatrade specialist, Jatenergy Limited (ASX:JAT)announced that it had agreed to acquire 70% of the issued shares in Australian Natural Milk Association Pty Ltd (“ANMA”). Completion is to take place on 1 October 2019. The acquisition allows JAT to take control of the supply chain of one of its major growing products. Production of one of JAT’s brands,Neurio Goat Infant formula, has today commenced at the ANMA facility. Accordingly, JAT has begun to deliver on its strategy of capturing the manufacturer’s margin and reducing its business risk by ensuring it meets the orders for its products on time and with quality ensured. ANMA will continue to produce formula for other third-party milk powder suppliers. end of quote Lets hope it doesn't drift back
JAT Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
