Brief: Beston Global Food Says Strategic MoU With Kcg In Thailand And Japan Export Contract

Beston Global Food

23/06/2022 02:17

June 23 (Reuters) - Beston Global Food  BFC.AX :
    * STRATEGIC MOU WITH KCG IN THAILAND AND JAPAN EXPORT
CONTRACT
    * SIGNED MOU WITH KCG CORP IN WHICH KCG WILL SUPPLY ITS
DAIRY,
MEAT AND ALTERNATIVE MEAT PRODUCTS INTO THAILAND
    * RECENTLY SECURED NUMBER OF SIGNIFICANT EXPORT CONTRACTS TO
JAPAN, REPRESENTING 20% OF ITS TOTAL ANNUAL MOZZARELLA
PRODUCTION
    * IMPLEMENTATION OF MOU WILL INVOLVE KCG SUBSCRIBING FOR
103.6
MILLION SHARES IN BFC AT 9.65 AU CENTS PER SHARE
    * TOTAL SUBSCRIPTION AMOUNT UNDER MOU WILL BE A$10.0 MILLION
    * ON TRACK TO SELL FIVE TONS OF HIGH PURITY LACTOFERRIN IN
SEVERAL
CHINA, USA, SOUTH KOREA, INDIA & EUROPE BEFORE FY22 YEAR END

Source text for Eikon:  ID:nASX6cJ7ls 
Further company coverage:  BFC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))