Manalto Limited (ASX: MTL) has announced that it has signed an agreement for services with Shi Hai Dong Tian. Shi Hai Dong Tian is the Company’s first mainland Chinese client.
Shi Hai Dong Tian is a major producer of rice spirits who is seeking entry to the Australian market.
The initial contract secures payment of A$20,000 per month to the Company. The Company is also in discussions with other parties to expand its capabilities and would update the market in due course as these initiatives progress