Australia's eCargo rises on partnership with NZ's Fonterra unit

eCargo Holdings

17/06/2021 02:29

** Shares of eCargo Holdings Ltd  ECG.AX  rise as much as
25% to A$0.025, on track for their best session since Feb 15 
    ** The outsourcing services provider says it has launched
its JuJiaXuan Digital Wholesale Marketplace to connect
Australian brands with Chinese retailers with NZ-based dairy
giant Fonterra's  FCG.NZ  Australian unit  urn:newsml:reuters.com:*:nASXbJ8YPT
    ** Under agreement, Fonterra's Australian dairies brand will
be connected to 4,000 points-of-sale across mainland China 
    ** Stock down 13% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))