Dogness Corp: Surges on partnership to expand within China's pet market
23/10/2020 14:03
** U.S.-listed shares of Chinese pet products maker DOGZ.O
jump 33.5% to $2.1 premarket
** Co partners with Hangzhou Huayuan Pet Products Co and
Shanghai Chongai Trading Co to broaden its reach within China's
rapidly expanding pet market urn:newsml:reuters.com:*:nGNX2N0fR
** Dogness CEO says the partnership can contribute about $6
mln in new domestic sales to Dogness during the first year and
expand further in the ensuing years
** The partnership will combine the companies' distribution
and supply chain resources
** Up to Thursday's close, stock up ~21% YTD
(Reporting by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))