A1 Investments & Resources Limited (ASX:AYI) disclosed that the company had entered an agreement with Tidal Moon Pty Limited (TM) in September 2019 whereby both the parties would collectively develop a new sea cucumber business based in Western Australia.
Both the Companies (TM and AYI) agreed to form a new company that would undertake the managing of the sea cucumbers from a new factory at Denham on the shores of Shark Bay in Western Australia.
Moreover, AYI anticipate obtaining the required authority in May or early June 2020 to allow the product export in late June. A1 Investments anticipates having nearly 100 kg of product for export on or about 30 June 2020.
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