China’s food and beverage company, Bojun Agriculture Holdings, seeks future collaboration with Australian fruit growers as it plans to list on the Australian Stock Exchange to raise A$7.2 to A$12 million (US$5.63 to US$9.38 million) in capital.
The company has already been in discussions with local fruit producers. Rod Hannington, a consultant to Bojun, said the company had already met with Aussie companies such as SPC Ardmona to discuss what Australian fruits could be included in Bojun beverages.
“Australian growers could sell us a concentrated fruit base to include in our beverages. Bojun has been in discussions about the flavour concentrates, whether it be orange, kiwifruit or plums.” said Mr Hannington. Australian flavours could be an extension of an existing line.
Bojun Agriculture Holdings, based in the Jiangxi province of China, produces fruit vinegar beverages from nanfeng mandarins and fruit-based snack foods for the Chinese market.
Mr Hannington said the company also had a memorandum of understanding with the NSW Department of Primary Industries (DPI). DPI has been looking at using technology in creating low sugar beverages, he added.
Bojun Agriculture was formed by Chinese director Bo Zhu, a director of the Jiangxi Horticultural Society in China, and is chaired by former deputy Premier of NSW Andrew Stoner.