Australia's Keytone Dairy rises as co secures Chinese client

Halo Food Co

30/08/2021 04:13

** Shares of Keytone Dairy Corp  KTD.AX  rise as much as 13%
to A$0.13, marking their biggest intraday pct gain since July 8
    ** The dairy product manufacturer signs contract with
Chinese brand distributor Theland and gets substantial opening
orders of its private label whole and skim milk powder 
 urn:newsml:reuters.com:*:nASX579nhB
    ** Says opening orders total about A$1.8 mln ($1.31 mln) and
will be delivered through the Dec 2021 quarter
    ** Says further discussions with Theland are at an advanced
stage over additional product lines 
    ** Stock hits highest since Aug 20
    ** Stock down 54% YTD, as of last close
    
    ($1 = 1.3702 Australian dollars)

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))