RooLife Group Ltd. (AU:RLG) has released an update.
RooLife Group Ltd (ASX:RLG), an e-commerce company, has revised its investment strategy, limiting a placement to $500,000 and receiving $100,000 from Fujian Jushi Supply Chain Management, which is also marketing RLG’s products in China. The partnership yielded a $60,000 profit from sales in June, and RLG has secured first orders for its high-margin Kangaroo Beer made with Australian ingredients. The company anticipates improved cash flow and is engaging in investor presentations and distributor seminars in China to expand its market presence.
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