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News: WNB Wellness And Beauty Solutions Executes A Binding HoA With Piggott Investment & Glegra

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    15/04/20
    16:20
    Post #: 44059450

    April 15 (Reuters) - Wellness and Beauty Solutions Ltd (WNB) :

    • EXECUTED A BINDING HOA WITH PIGGOTT INVESTMENT AND GLEGRA TO FORM JV
    • JOINT VENTURE TO ENABLE SCALE UP PRODUCTION OF AUSTRALIAN MADE MICRO19 HAND SANITISER PRODUCTS
    • JV CO TO BE 50% OWNED BY WNB & 25% OWNED BY EACH OF OTHER SHAREHOLDERS, PIGGOTT INVESTMENTS PTY LTD AND GLEGRA PTY LTD
    • SEES JVCO'S ABILITY TO PRODUCE BETWEEN 200,000-500,000 UNITS A MONTH ACROSS VARIOUS PACK SIZES
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