Sale of BESTON'S Dairy Farms for $40.4 million | ASX Market Update

1 min read | June 11, 2020 04:00 AM AEST | By Team Kalkine Media

Google News:

Recent News

ASX VAS: Local Rotation Puts ETF Back in Focus

Could CGS (ASX:CGS) Be the Penny Stock Turning Heads This Week?

ASX Penny Stocks: Is the Small-Cap Rally Just Getting Started?

BHP Share Price: Why Australia’s Mining Giant Is Under Fresh Pressure

Make Kalkine Media
My Trusted Source

Talking about Government’s recent announcement on the Early Childhood Education and Care Relief Package (CRP) and Transition arrangements. TNK has grown its workforce by 5% with most of the team getting back to its services to meet the growing demand for childcare. CRP ends on 12 July 2020 while Transition payment of 25% of the average of last two weeks’ revenue in February paid from 13 July to 27 September 2020. Jobkeeper for childcare operators ends on 19 July 2020 (one-week crossover).

Alliance Aviation Services Limited (ASX:AQZ) recently updated multiple prospective expansion opportunities. On that front, the company is undertaking an equity capital raising to raise A$91.9 million through fully underwritten institutional placement and further A$30 million through a non-underwritten share purchase plan.

Beston Global Food Company Limited (ASX:BFC) announced an agreement with Aurora Diaries for the sale of Beston’s dairy farms in Mount Gambier to Aurora for $40.4 million in cash. The Transaction secures 100% of milk supply from dairy farms for 10 years, with an option of extension, and Sale proceeds will reduce debt (to around 10% gearing). The fund Mozzarella and Lactoferrin production expansion Transaction is likely to conclude by 30 September 2020.

#AQZ #BFC #BestonDairy #Australia #Kalkine

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.