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Aussie baby formula cracks China’s medicine market

Health Care
ASX:JAT      MCAP $32.47M
03 April 2019 23:04 (AEDT)

Australian milk powder wholesalers Jatenergy has signed an agreement with Chinese tech group – HIT Crown, granting access to the Chinese medicine market.

HIT Crown manages the online Medicine E-Business and in cloud-based servers in the Chinese market. China Golden, services over one million pharmaceutical companies, hospitals and clinics in the Chinese market.

This Memorandum of Understanding grants JAT access to sell its milk formulas Neurio and Golden Koala through HIT Crown’s online network.

Jatenergy Managing Director Wilton Yao says the agreement provides a framework to service the Chinese middle-class household.

“We are very comfortable about the future sales of our in-house brands as more and more Chinese and overseas distributors express their wish to work together with Jatenergy to promote our products through strategic partnerships,” he said.

Please see the announcement attached

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