Fiji Kava Limited (AU:CCO) has released an update.
The Calmer Co. International Limited has announced the strategic acquisition of the Navua processing facility and its surrounding freehold land from KaiMing Agro Processing Pte Ltd for FJD 4.4 million, a move set to bolster the company’s production capabilities and balance sheet. The purchase includes a 5,856 square meter land parcel with a fully equipped facility and accommodations for staff, indicating a significant investment in the company’s infrastructure. CEO Anthony Noble emphasizes the acquisition as a timely advancement coinciding with the company’s installation of new production lines and equipment upgrades.
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