Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Nutrition and wellness company Eve Investments (EVE) has received an initial $2.4 million backing from two companies 
  • Sydney-based Everhoney and Hong Kong’s Jusheng Bolang bought into the company at 0.5 cents per share 
  • In the next three months, a second raise is expected to generate nearly $6.9 million
  • The company says it is using the funds to build up its Meluka brand inventory which includes honey, essential oils and a bio-fermented honey drink
  • Eve’s share price is remaining flat today, with shares trading for 0.5 cents each 

Nutrition and wellness company Eve Investments (EVE) has received a multi-million dollar backing from two companies, Everhoney and Jusheng Bolang.

The two companies have committed an initial $2.4 million under a first subscription fund. This was raised through the issue of shares at 0.5 cents each.

Within three months a second subscription will take place raising nearly an additional $6.9 million. Shares will be issued at one cent each.

Everhoney is a Sydney-based investment group which specialises in the agricultural, health and nutrition sectors. Jusheng Bolang is international trading enterprise, with a focus on health products, operating in Hong Kong.

Eve advised the raised funds will be used to build up the inventory of its Meluka products which include: honey, essential oils and a new bio-fermented honey drink.

Once the product base is up, Eve explained it will focus on sales in the Chinese, U.S. and Australian market.

In today’s release to the market, Eve wrote: “The product build has already commenced with manufacturing continuing and shipments expected to commence in late-December.”

Upon resuming trade after its voluntary suspension, Eve’s share price has remained flat on the Australian market today. Shares in the company are currently worth 0.5 cents each. 

EVE by the numbers
More From The Market Herald

" Income Asset Management Group (ASX:IAM) awarded $160 million mandate for NFP bond holdings

Income Asset Management Group (ASX:IAM) has landed a mandate to provide execution services for $160 million…
Openpay (ASX:OPY) - CEO, Dion Appel

" Openpay (ASX:OPY) raises $18.25m to accelerate “pathway to profitability”

Buy now pay later group Openpay (ASX:OPY) has completed its two-tranche placement and raised $18.25 million.
Countplus (ASX:CUP) - Incoming CEO, Hugh Humphrey

" Hugh Humphrey appointed CEO of Countplus (ASX:CUP)

Investment services company CountPlus (ASX:CUP) has appointed Hugh Humphrey as the company's CEO, effective July 1.

" Acquisition of Afterpay (ASX:APT) receives approval from Bank of Spain

Payments firm Block has secured a key approval for its multibillion-dollar acquisition of Afterpay (ASX:APT) from…