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An update from AuMake Ltd. ( (AU:AUK) ) is now available.
Aumake Limited has announced a significant reduction in board fees and executive director salaries, resulting in annual savings of over $400,000. This decision is part of a broader initiative to review and reduce the company’s fixed cost base, aiming to achieve cash flow positivity and profitability. The company is focusing on maximizing cash utilization to support growth in key sales channels and launching new products, especially as it forms new higher-margin brand partnerships. Aumake sees strong growth potential in China and is well-positioned to deliver long-term value to shareholders through strategic efficiency and financial discipline.
More about AuMake Ltd.
Aumake Limited (ASX: AUK) is a brand acceleration and sales partner focusing on delivering high-quality products from Australia and New Zealand to the Asian market. The company is strategically positioned to capitalize on the growing demand for premium international products, particularly in the health, wellness, and lifestyle sectors, through its partnerships and access to China’s e-commerce and cross-border trade landscape.
Current Market Cap: A$12.04M
For detailed information about AUK stock, go to TipRanks’ Stock Analysis page.