Vitaco Holdings Limited
(ASX:VIT) has responded to the release by Chinese authorities of a cross border e-commerce imported product list.
Vitaco said that, to its knowledge, Healtheries Goats Milk Powder is the company’s only product that has been impacted by this regulatory change.
The company said sales of this product via the free trade zone into China are not material and that Healtheries Goats Milk powder will continue to be available to consumers in China via cross border e-commerce, however shipped directly from Australia and or New Zealand.
The nutrition and supplement company said the majority of Vitaco’s China business is generated from sales in New Zealand and Australia via domestic partners. The list does not apply to products sold via this distribution channel.
Vitaco Holdings recorded a net loss of $15.42 million at 31 December 2015.
