Wattle Health Australia
(ASX:WHA) has signed an agreement to supply their conventional cow infant formula for sale in traditional retail and general trade in mainland China.
International Supplies and Distribution Company has guaranteed a minimum of 1 million 500 thousand units for the first 18 months.
They have also agreed to provide a bank guarantee of an amount equivalent to 25 per cent of the production cost.
The executive chairman says the agreement is an important milestone for Wattle Health to grow their footprint in Mainland China.
ISDC were established in 2012 and are regional leaders in premium food products supply and distribution, specializing in baby/mother products exported into the burgeoning Chinese market.
Shares in Wattle Health Australia
(ASX:WHA) are up 9.62 er cent to $2.28.
