Ann: Change in substantial holding - Li, page-43

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csfoo7721

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03/04/18

22:20

Post #: 32197540
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Originally posted by csfoo7721 ↑

From ann dated 28 December 2017

The key terms of the SPA (GK acquisitions) include:

1. Jatenergy will acquire 51% of the issued capital of GK.

2. The consideration will consist of an initial payment of cash and shares followed by two earnout payments subject to performance hurdles being met.

3. The initial payment will consist of $2 million in cash and $1.5 million in Jatenergy shares issued at 1.8 cents per share (83,333,333 shares).

4. If Earnout Condition 1 is achieved, Mr Zhao will be paid $1 million and will be issued with $1.5 million in Jatenergy shares. The issue price of the shares will be the VWAP of Jatenergy shares for the previous 20 days on which trading of JAT shares occurred on the ASX immediately prior to the day on which Earnout Condition 1 was satisfied. Earnout Condition 1 will be achieved when GK obtains Chinese CFDA approval for Golden Koala Infant Formula to be exported and sold in China.

5. If Earnout Condition 2 is achieved, Mr Zhao will be paid $500,000 and will be issued with $500,000 in Jatenergy shares. The issue price of the shares will be the VWAP of Jatenergy shares for the previous 20 days on which trading of JAT shares occurred on the ASX immediately prior to the day on which Earnout Condition 2 was satisfied. Earnout Condition 1 will be achieved when and if GK sells a total of 500,000 tins of Golden Koala Infant Formula in a one-year period ended 30 June and full payment for the sale is received by GK.

From presentation dated 28 December 2017

Over the last three years, there have been 264,000 tins of Golden Koala brand milk powder sold in China generating RMB 31,680,000 (over AUD$6 million).

If we can achieve 500k tins of IF we would have $11.3 mil revenue from IF alone (average $22.6/tin) . Mr Zhao seems very confident they will achieve this target.

Ione milk powders will be sold in Australia and China online and in supermarkets, pharmacies and retail stores. JAT is currently in the process of registering brand trademarks and gaining the requisite regulatory approvals.

Revenue from ordinary activities (half-year from 1 July 2017 to 31 December 2017) is $1,575,146 excluding GK and Ione milk powder.

How many millions revenue in April and July quarters? Very interesting.... Our MC is still low compare with peers

Expand

Agreement with NetEase Kaola

http://ecommercechinaagency.com/kaola-starting-popular-crossborder-plateform-china/

China International Import Expo

Over 500,000 visitors from China and around the world are expected to attend CIIE, including 150,000 domestic and foreign professional purchasers for private companies, state enterprises, and provincial and municipal governments.

“As an official promoter of the event, Shanghai Dragon will arrange special promotional activities for Golden Koala products,” JAT Director Wilton Yao said. “This will provide a massive boost to Golden Koala’s brand presence, both for Chinese buyers and for exhibitors and visitors from all around the world.”

Distribution agreement with Jiangsu Jbingo International Trading regarding Golden Koala and other products

2018 will be a busy year for JAT and GK.

JAT Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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