JAT 2.58% 75.5¢ jatcorp limited

Ann: Issue of Convertible Notes, page-56

  1. 340 Posts.
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    I did research and discovered a very interesting article on Mr. Li's company's official website (Shengrun Group) (it's in Chinese), some of the information are very exciting:
    http://www.srkg.com.cn/content/view/cid/12/id/107.html

    To summerise:
    1. Mr. Li has met some government officials of Victoria in Australia (see the photo in the website)

    2. His company Shengrun Group has a subsidiary company called 郑州澳优贸易公司 (direct translation is Zhengzhou Australian Quality Trading Company), it imports from Australian and distributes in China, it also owns assets in Australia,

    This subsidiary company recently : 1. invested 100 million RMB (AU$20 million) in Wagyu cuttle breeding base in Australia ; 2. invested 80 million RMB (AU$16 million) working with Australian company to fish blue fin tuna in Australia, then sell them in China;
    3. invested 10 million RMB (AU$2million) in cold storage distribution channel (-60 degrees) in China to transport tuna, 617 tuna was distributed last month (17, november 2017), (tuna is not related to milk powder i know, but i want to mention this to show they're getting products distributed lol)

    This article does not directly tell us about other distribution channel, but we can tell that it must be well developed to distribute its production/import (beef, etc.)

    based on one of the website of this company, they are distriduting Australian pork, lamb, beef, poultry, etc. http://meatunion.net/goodsList.action?sid=&searchVo.supplierId=1759

    This website shows the subsidiary has already been selling Australian milk power Puredo

    https://www.1688.com/gongsi/-B0C4D3C5C4CCB7DB.html

    Shengrun Group also owns some hospitals, officials of New South Wales Labour Party of Australia visited some hospitals in China in June 2017: http://www.srkg.com.cn/content/view/cid/12/id/77.html

    We can see that Mr. Li's Shengrun Group and its subsidiary are working extensively (with Australian companies) in Australia. They have existing distribution channels for Australian imports, which means the procedure of getting JAT CFDA and shipment & distribution of JAT milk powder (or other new products) has been done by Mr. Li many times before for his other imports from Australia (tuna, cuttle, etc).
 
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