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JATCORP LIMITED - Corporate Spotlight

Origination, development and manufacture of a range of consumer products, associated... Origination, development and manufacture of a range of consumer products, associated brand development, marketing and promotion and the sale of client and in-house products, primarily in Australia and China via a multichannel strategy including traditional retail, and e-commerce platforms.More

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Corporate Spotlight

Origination, development and manufacture of a range of consumer products, associated brand development, marketing and promotion and the sale of client and in-house products, primarily in Australia and China via a multichannel strategy including traditional retail, and e-commerce platforms.
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JATCORP STARTS FIT-OUT ON RETAIL STORE

JAT ENTERS TRADING HALT AHEAD OF RAISE

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Jatcorp (ASX:JAT) enters trading halt ahead of fundraise

The Market Herald Deal Room

ASX:JAT   
 
JAT seeks new funding as business sales exceed expectations

  • China-Australia trade specialist Jatcorp (JAT) has placed its securities in a trading halt as it gears up to raise funds
  • The company will remain in a halt until Friday, January 22, unless it can announce the details of the capital raise early
  • More recently, Jatcorp has been focussed on opening its JAT Maternity & Infant Boutique in Shanghai
  • The retail store is on track to open in late February or early March, after being delayed by COVID-19 related lockdowns in the city
  • Additionally, the company recently revealed work had begun on extending its ANMA manufacturing facility in Melbourne

China-Australia trade specialist Jatcorp (JAT) has placed its securities in a trading halt as it gears up for a fundraise.


The company has announced its shares will remain in a halt until Friday, January 22, unless it announces the details of the capital raise early.


The fundraise comes after Jatcorp revealed earlier this month that it had been focussed on progressing its JAT Maternity & Infant Boutique in Shanghai.


The retail store is on track to open in late February or early March after being previously delayed by COVID-19 related lockdowns in the city.


Once the boutique opens, JAT anticipates it will turn over between $500,000 and $800,000 in the first year of trade.


In addition to the store opening, Jatcorp also revealed work had begun on extending its ANMA manufacturing facility in Melbourne.


Works at the facility have already commenced and the company expects the expansion to be completed by the end of next month.


Before today's trading halt, shares in JAT were trading at 2.3 cents each on Tuesday, January 19.


Read the full article on The Market Herald here.

JATCORP STARTS FIT-OUT ON RETAIL STORE

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Jatcorp (ASX:JAT) starts fit-out on first retail store

Consumer Discretionary

ASX:JAT  

  • Jatcorp (JAT) has begun fit-out work on its first retail store in China, JAT Maternity & Infant Boutique
  • The store was originally expected to open in March 2020, however, due to COVID-19 lockdowns and restrictions, the opening was delayed
  • The directors expect the turnover for the store will be between $500,000 and $800,000 in the first year of trading
  • The store is set to establish JAT’s image in the Chinese market, promote the company and expand the influence of the company’s products in China

Jatcorp (JAT) has begun fit-out work on its first retail store in China, JAT Maternity & Infant Boutique.

The first store, to be opened in Shanghai, was previously expected to open in March 2020, however, due to COVID-19 lockdowns and restrictions, the opening was delayed.

The store is set to establish JAT’s image in the Chinese market, promote the company and expand the influence of the company’s products in China.

The fit-out works for the new store have now begun, with the company aiming to open the store for trading in late February or early March 2021.

JAT Maternity & Infant Boutique covers square metres and is located next to the Sinopharm pharmacy, a move expected to drive significant consumer traffic to the JAT Store.

The store will sell a full range of in-house brands including Neurio, Moroka, Ione Milk and Abbeyard, as well as other popular baby products produced by Australia and China.

The directors expect the turnover for the store will be between $500,000 and $800,000 in the first year of trading.

The establishment of the Shanghai store will also assist in driving consumers to JAT’s online China sales platform, which will be established by JAT’s newly established subsidiary, Hangzhou FAT Food Group.


If the Shanghai store is successful, JAT intends to open further stores in Shanghai and other cities in China.

Read the full article on The Market Herald here. 

JATCORP EXPANDS INTO SOUTH KOREA

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Jatcorp (ASX:JAT) expands into South Korean market

Consumer

ASX:JAT   
Jatcorp (ASX:JAT) - Managing Director, Wilton Yao - The Market Herald

Managing Director, Wilton Yao
Source: Jatcorp


  • Jatcorp (JAT) has signed a sole agency agreement with Max Core Med Co to sell and distribute its milk powder brand in South Korea
  • Under the two year agreement, Jatcorp will receive $2.4 million in minimum orders in year one and $4.8 million in year two
  • It comes after the consumer stock inked a 10-year sales agreement with Nightingale PS just two days earlier
  • Jatcorp's subsidiary, ANMA, had also been approved by South Korean regulatory authority KFDA to sell its products in Korea
  • Jatcorp is up an even four per cent on the market and shares are trading at 2.6 cents


Jatcorp (JAT) has signed a sole agency agreement with Max Core Med Co to sell and distribute its milk powder brand in South Korea. 

Under the two-year agreement, Jatcorp will receive $2.4 million in minimum orders in year one and $4.8 million in year two. 


If these orders are not met, JAT has the right to terminate the agreement. It can also be terminated if any breach happens and is not fixed within 30 days. 


It comes after the consumer stock inked a 10-year sales agreement with Nightingale PS just two days earlier


This agreement will see Nightingale sell Jatcorp's existing and future products to its own customers, which include pharmacies and supermarkets across Australia and the U.K. 


Jatcorp also announced that its subsidiary, ANMA, had been approved by the South Korean regulatory authority, KFDA, to sell its products in Korea.


"We are delighted to have secured entry into the South Korean market in partnership with Max Core. We are confident based on their track record that the team at Max Core will achieve the minimum sales targets and more," CEO Wilton Yao said. 


"JAT is now seeing the benefit of the expenditure incurred in expanding our ANMA manufacturing facility. The greater capacity will allow JAT to increase its product range and volume to be able to enter the Korean and other world markets," he added.



Read the full article on The Market Herald here.

JAT SIGNS 10-YEAR DISTRIBUTION AGREEMENT

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Jatcorp (ASX:JAT) signs 10-year distribution agreement

Consumer

ASX:JAT   
Jatenergy (ASX:JAT) sees increased lactoferrin sales in China due to the coronavirus



  • Consumer goods developer and manufacturer Jatcorp (JAT) has announced it has entered into a 10-year sales agreement with Nightingale PS
  • The agreement will see Nightingale sell Jatcorp's existing and future products to its own customers, which include pharmacy and supermarket chains
  • Alongside the sale agreement, JAT also announced it had been approved by the South Korean regulatory authority to export its dairy products
  • The company has now signed an agreement with a Korean distributor for an initial order of its products for resale
  • Finally, Jatcorp also announced it has successfully developed its first A2 Ejiao Protein Powder, with plans to begin selling the product next year

Jatcorp (JAT) has released a wideranging business update, announcing a new sales agreement, product expansion and potential market gain.


Sales agreement

The biggest news from the consumer goods developer and manufacturer was that it has entered into a 10-year sales agreement with Nightingale PS.


Under the agreement, Nightingale will sell Jatcorp's existing and future products to its own customers, which include pharmacy and supermarket chains across Australia and the U.K.


In return, the business will receive a commission on revenues from sales of any and all of JAT's products.


Nightingale has stated it will first aim to sell Jatcorp's wares to Australian supermarket chains, followed by sales to pharmacies also within the country.


The company will then focus on selling JAT products to its U.K. customers and potentially other markets outside China.


New product & market

Alongside the sales agreement, Jatcorp also announced it has successfully developed its first A2 Ejiao Protein Powder.


Ejiao is essentially a hard gel which can be dissolved in hot water or alcohol to be used in food, drink or beauty product.


The substance is currently sold throughout south-east Asia as consumers believe its helps with blood circulation.


Jatcorp's version of the product is currently being manufactured in Melbourne, with the possibility it will be ready to be sold by early 2021.


Finally, the consumer stock also announced in today's update that it had been approved to sell its products in Korea.


The South Korean regulatory authority has given the green light to JAT's dairy based nutritional products — allowing them to be exported into the country.


Following the approval, Jatcorp has begun negotiating with different Korean companies to export in JAT’s Jinvigorate brand diabetics formula and other products.


Shares in Jatcorp are trading slightly down despite today's update, dropping 3.57 per cent in the red to trade at 2.7 cents each at 1:22 pm AEDT.



Read the full article on The Market Herald here.

ABOUT US

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DRAWING ON ITS EXTENSIVE BUSINESS NETWORK IN CHINA, JAT HAS POSITIONED ITSELF AS A MAJOR PLAYER IN THE FLOURISHING AUSTRALIAN CONSUMER GOODS EXPORT INDUSTRY.


In addition JAT markets energy related technologies including TTG Mineral Processing and Coalplus conversion.


Jat’s extensive network of Chinese business affiliations is a substantial source of opportunities, both for the company, and for Australian business partners.

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