BPH Global Completes Registration of Indonesian Unit

MT Newswires Live

03-25

BPH Global (ASX:BP8) completed the registration of its unit, PT BPH Global Indonesia (BP8 Indonesia), according to a Tuesday filing with the Australian bourse.

BP8 Indonesia will oversee the cultivation, processing, and trading of seaweed to produce value-added products like bio-stimulants, the filing said.

The company is in advanced negotiations for offtake agreements with carrageenan and seaweed product manufacturers in China and Indonesia, the filing added.

Shares of the company rose past 33% in recent Tuesday trade.

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