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AuMake Ltd. ( (AU:AUK) ) has provided an announcement.
Aumake Limited has entered into a non-binding Cooperation Framework Agreement with Sinomach Hainan Development Co., Ltd., a subsidiary of China National Machinery Industry Corporation. This partnership marks Sinomach’s first commercial engagement in Australia and aims to develop a large-scale Premium Hay Supply Chain Project. The project will initially cover 3,000 hectares, with plans to expand to 20,000 hectares, targeting an annual production capacity of 300,000 tonnes. Aumake will manage the Australian operations, while Sinomach will provide technology, infrastructure, and capital support. This collaboration aligns with China’s broader strategy to strengthen international agricultural supply chains and offers Aumake access to Sinomach’s extensive resources and market demand.
More about AuMake Ltd.
Aumake Limited is a company involved in the agricultural sector, focusing on the development and export of premium hay products. The company is based in Australia and aims to integrate its production capabilities with international markets, particularly China, to meet the growing demand for high-quality forage products.
Current Market Cap: A$9.07M
For detailed information about AUK stock, go to TipRanks’ Stock Analysis page.