Consumer goods company Jatcorp (ASX:JAT) signed a sales incentive agreement with H&S International (HK) to boost sales of its Moroka lactoferrin brand in China, according to a Wednesday filing with the Australian bourse.
The company agreed to issue up to four million shares to H&S, subject to product purchase milestones of at least AU$8 million in the fiscal year and an accumulated AU$25 million across the current fiscal year and fiscal year 2026, the filing said.
The agreement is for an initial period from Jul. 1, 2024, to Jun. 30, 2026, with an option for extension based on mutual agreement, according to the filing.
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