Australia's RooLife gains on deal to sell products into China

Roolife

29/06/2023 04:15

** Shares of RooLife Group  RLG.AX  rise as much as 42.9% to
A$0.010, set for best day since May 12 if current gains hold
    ** E-commerce co says it executed a binding term sheet with
AULife International
    ** Co says term sheet is to market and sell Australian
products to Chinese customer base
    ** Adds, agreement is immediately revenue-generative, with
first sales to be reported in July 2023
    ** RLG stock at its highest level since May 16
    ** Stock down 30% YTD as of last close
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))