AuMake Subsidiary Secures Deal to Sell Wine to China

MT Newswires Live

2024/10/02

AuMake (ASX:AUK) subsidiary Newera Australia signed a three-year agreement with Hunter Valley Wine & Tourism Alliance and Guangxi Dimples High-Quality Goods Import and Export Trade to distribute and sell wines from Australia's Hunter Valley to China, according to a Wednesday filing with the Australian Securities Exchange.

The agreement, effective Tuesday, aims to generate up to AU$25.5 million in Hunter Valley wine sales by 2027, the filing said.

Additionally, the company secured an order from China Southern Air Cross Border E-Commerce (Hainan) for about AU$634,195 worth of Australian wine, according to the filing.

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