JB Global approves sale of JAT's Neurio range
Jat Energy (ASX:JAT) has informed the market today that JD Global, China’s largest retailer by revenue, has approved the sale of Sunnya’s Neurio branded products.
The Neurio range will be sold to Chinese consumers on JD Global’s cross border and supermarket platforms: www.JD.com and www.JD.hk.
JD has placed orders on the following products:
- Neurio – Lactoferrin milk powder, and
- Neurio – DHA Algae oil softgel
JD services more than 266 million annual active users, and claims to possess the largest fulfilment infrastructure of any e-commerce company in China. Covering 2,380 counties and districts, JD has seven fulfilment centres and more than 400 warehouses.
Lactoferrin is a natural antibacterial agent, found in mammalian milk, tears and saliva.
Overall this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.
JAT Executive Director Wilton Yao spoke on the development, “We continue to receive positive responses to Neurio products, from everyone we talk to. I have high expectations for this brand. Buyers are impressed with its immune system boost.”
As previously announced, JAT has agreed to purchase 51% of Sunnya Pty Limited, subject to shareholder approval. The Neurio range are products supplied by Sunnya Pty Limited.
Sunnya has agreed to supply JAT the entirety of the Neurio product required to fulfil the JD agreement over the next 12 months, regardless of whether the Sunnya acquisition proceeds.
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