Join our daily newsletter At The Bell to receive exclusive market insights
- Nutritional Growth Solutions (NGS) is accelerating its distribution in China via an agreement with Australian-based distributor, Ultrahealth Group
- This agreement will see NGS’ Healthy Height shake mix be stocked through leading e-commerce platforms in China
- This includes the second-largest e-commerce platform, Kaola, and one of the world’s largest community e-commerce platforms, Little Red Book
- The three-year agreement will also see Healthy Heights stocked through general trade channels such as hospital e-commerce and pharmacy retail
- Shares in NGS are steady on the market and are trading at 19 cents at 1:57 pm AEDT
Nutritional Growth Solutions (NGS) is accelerating its distribution in China via an agreement with an Australian-based distributor, Ultrahealth Group.
This agreement will see NGS’ Healthy Height shake mix be stocked through e-commerce platforms in China.
This includes the second-largest e-commerce platform, Kaola, and one of the world’s largest community e-commerce platforms, Little Red Book.
The three-year agreement will also see Healthy Heights stocked through general trade channels such as hospital e-commerce and pharmacy retail.
NGS says the Healthy Height shake range has been clinically proven to increase growth development in children.
CEO and Managing Director Liron Fendell commented on the partnership with Ultrahealth.
“In a few short months, we have achieved major milestones in our Chinese expansion strategy, including obtaining a trademark for Healthy Heights, signing a supply agreement with Australia’s largest retail pharmacy chain in China, Chemist Warehouse, and appointing a new Commercial Director,” Ms Fedell commented.
“The addition of highly reputable, cross-border specialists, Ultrahealth with a client list of GSK, Bayer and Ramsay Healthcare, positions us strongly to execute on our medium-term expansion targets in the region.”
Shares in NGS were steady on the market and were trading at 19 cents at 1:57 pm AEDT.
