Wattle Health Australia (ASX:WHA) released the Chairman's letter to the ASX this morning saying it has been a challenging year for the company.
He said for many companies focused on infant formula sales into China, including WHA, the requisite Chinese product registration (SAMR) has not been granted.
The other major headwind has been the delays in the construction of the Corio Bay Dairy Group (CBDG) facility.
The letter asked shareholders to consider approving the acquisition of further shares in Blend and Pack, which would take Wattle up to a 93.5 per cent ownership of Blend and Pack.
Shares in Wattle Health Australia (ASX:WHA) closed 3.37 per cent higher yesterday at 46 cents.