News: Freedom Foods strikes $500M Chinese deal

  1. lightbulb Created with Sketch. 1
    .

    Freedom Foods Group Limited (ASX:FNP) and Perich Group have struck a $500 million deal with Chinese private agricultural company, New Hope Group. 
     
    The health foods company and Perich have inked a memorandum of understanding with New Hope under which New Hope will set up an investment fund. 
     
    Under the MOU the group’s will cooperate to develop and implement growth in long term dairy milk supply, including developing large scale dairy farms. 
     
    New Hope will be a core investor and partner while continuing to market and distribute products into China through New Hope Dairy. 
     
    The $500 million fund will be put to the development of agricultural and food processing activities in Australia. 
     
    Freedom Foods Group says these initiatives are expected to lead to increased sales and return on funds employed in the longer term. 
     
    Freedom Foods Group reported a net profit of $12.1 million in the full 2014 financial year. 
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
14.5¢
Change
-0.010(6.45%)
Mkt cap ! $40.18M
Open High Low Value Volume
15.5¢ 15.5¢ 14.5¢ $7.791K 51.57K

Buyers (Bids)

No. Vol. Price($)
2 53809 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 19176 3
View Market Depth
Last trade - 15.53pm 08/08/2025 (20 minute delay) ?
NOU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.