Media Release: Bojun Agriculture Set to List on ASX & To Collaborate With Australian Agricultural Sector
Bojun Agriculture Holdings Limited (ASX: BAH) (“Bojun Agriculture” or “Company”), the food and beverage manufacturing company, is pleased to announce that it has successfully raised $7.6 million and the Company will begin trading on the Australian Securities Exchange (ASX) on Friday, 1st December at 11:00am.
Bojun Agriculture raised a total of $7.6 million through the issuing of approximately 25.3 million shares at an issue price of $0.30 cents. Taking this capital into account, the Company currently has a market capitalisation of $36.4 million.
Bojun Agriculture is engaged in the business of manufacturing fermented beverages and snacks from their unique and patented fermentation of Nanfeng Mandarins. The fruit is unique to the Nanfeng region and its key products include health low sugar beverages and fruit confectionary snack.
The Company operates in a growing fruit-based foods and beverages industry. Increased consumer wealth in China has led to increased living standards and heightened demand for healthy beverages, foods and snacks. This presents opportunities for the growth of the Company and its products, which are made from natural fruit produce and are associated with greater health benefits.
Andrew Stoner, Bojun Agriculture Chairman, former Leader of the Nationals NSW and former Deputy Premier of NSW, said:
“The Board of Bojun Agriculture is delighted to have reached this key Company milestone as it brings about many opportunities for Bojun to continue its development in China, and to become one of the prominent companies in the fruit-based foods and beverages industry.
“Bojun Agriculture’s listing on the ASX will enable the Company’s collaboration and research with Australian agricultural entities, and allow us to source Australian agricultural products for distribution in China, and to provide capital to continue to invest in the development of new products to expand distribution.
“We also acknowledge Beer & Co as the Lead Manager to Bojun Agriculture’s Prospectus launch and listing on the ASX. Their track record is impressive, as is their network of investors. Their skill and experience was instrumental in this process.”
About Bojun Agriculture
Bojun Agriculture is engaged in the business of manufacturing processed foods and beverages, which are derived from agricultural fruit produce. Its key products include fruit cider vinegar beverages and fruit confectionery snacks derived from its key ingredient of Nanfeng Mandarins, via a patented fermentation process.
Bojun has a strong focus on Research and Development through its modern facilities, and strong Intellectual Property and Research and Development to drive new products for expanding distribution channels.
For more information please visit: http://bojunagriculture.com/
For further information please contact:
Rod North, Managing Director
Bourse Communications Pty Ltd
T: +613 9510 8309, M: +61 408 670 706