Australia RooLife rises on $42 million coffee deal

Roolife

22/09/2025 02:21

** Shares of RooLife Group RLG.AX rise as much as 120% to A$, their highest level since August 6

** E-commerce firm says it has entered into a binding two-year Supply and Procurement Agreement with Zhongshan Runlian Commercial for the supply of its branded coffee beans, beverages, food, and coffee machines into China

** Contract provides a minimum order commitment of A$64 million ($42.16 million) to RooLife

** Stock posts its biggest intraday pct gain since August 6

** 118.4 million shares change hands, compared with the 30-day average volume of 8.9 million

** Stock currently up 50%, making it flat YTD

($1 = 1.5181 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))