Australian Dairy Nutritionals Group (AU:AHF) has released an update.
Australian Dairy Nutritionals Group has successfully secured a $2.13 million funding through a strategic placement of shares to bolster brand development, expand market reach, and fortify working capital. Additionally, the Group has forged an exclusive supply agreement to distribute its infant formula in China, tapping into the world’s largest market with a guaranteed minimum sales volume of A$2.5 million in the first year. The financial injection and Chinese market entry signal a significant growth phase for the Australian dairy firm.
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