BFC beston global food company limited
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News: BFC Beston Global Food Says IMA With Beston Pacific Asset Management Will Continue To Remain

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    07/10/20
    12:05
    Post #: 47907428

    Oct 7 (Reuters) - Beston Global Food Company Ltd (BFC) :

    • LACTOFERRIN PLANT AT JERVOIS ESTIMATED TO COST $13 MILLION
    • INVESTMENT MANAGEMENT AGREEMENT WITH BESTON PACIFIC ASSET MANAGEMENT WILL CONTINUE TO REMAIN IN OPERATION
    • ISSUE OF IMA TERMINATION WILL BE KEPT UNDER REVIEW BY INDEPENDENT DIRECTORS
    • MANAGEMENT FEE PAYABLE TO BPAM UNDER IMA WILL REDUCE TO $1.62 MILLION PER ANNUM FOR FY21 PERIOD TO 31 DEC 2020
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