Join our daily newsletter At The Bell to receive exclusive market insights
- Eagle Health Holdings (EHH) says the first shipment from Zoono Group (ZNO) will be leaving Auckland today
- This morning, Zoono reported its Z-71 Microbe Shield, that is used in Zoono’s hand sanitiser, is over 99.99 per cent effective against COVID-19
- Just last week, the companies signed an exclusive distribution agreement to sell co-branded products in China
- Approximately four tonnes of Zoonos product is being prepared for transportation to Eagle’s facility in China
- However, Eagle is currently awaiting the final inspection at the facility which is scheduled for early next week
- Both companies are trading well on the market this morning, with Eagle up 15.63 per cent, trading at 18¢ per share, while Zoono is up 20.06 per cent, selling shares at $1.94 apiece
Eagle Health Holdings (EHH) says the first shipment from Zoono Group (ZNO) will be leaving Auckland today.
This morning, Zoono reported its Z-71 Microbe Shield, that is used in Zoono’s hand sanitiser, is over 99.99 per cent effective against coronavirus COVID-19.
Just last week, the companies signed an exclusive distribution agreement to sell co-branded products in China.
Under the distributing agreement, products will be co-branded between the companies. Eagle will arrange bulk import of Zoono’s formula to its manufacturing facility in Xiamen, China.
In China, Eagle will carry out the labelling, packaging and distribution into Eagle’s extensive existing channels.
Today, the company said the first shipment from Zoono of approximately four tonnes of product is being prepared for transportation. The products are expected to be sent today from Auckland.
However, Eagle is currently awaiting the final inspection, scheduled for Tuesday, March 3, of the facility in Xiamen. Additional licences are required to create the packaging and distribution of Zoono products.
“Eagle also confirms that its brand new and purposefully ordered high-speed automated machinery is commissioned and ready to commence production,” the company told the market.
Both companies are trading well on the market this morning, with Eagle up 15.63 per cent, trading at 18¢ per share, while Zoono is up 20.06 per cent, selling shares at $1.94 apiece at 1:15 pm AEDT.
