'A challenging year' for Wattle Health says Chairman

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.