Mandarins to squeeze cash
A CHINESE firm specialising in making cider from mandarins is seeking to list on the Australian share market with the aim of raising up to $ 12 million and securing access to quality Aussie fruit.
Bojun Agriculture Holdings, chaired by former NSW National Party leader Andrew Stoner, is seeking to raise at least $ 7.2 million through an offer of shares at 30c each.
Bojun Agriculture’s Jiangxibased operating company, Bojun China, boasts products including a fermented fruitbased drink produced from nanfeng mandarins. It also makes a fruit- based snack from strawberries, blueberries, kiwi fruit, pumpkins and mandarins.
Bojun believes the market for fruit- based snacks and beverages in China is growing as local consumers become more affluent and health conscious. GERMAN car giant Volkswagen has been ordered to explain to the Federal Court why it installed engine management software that led to an emissions cheating scandal and a class action by Australian motorists.
Law firm Maurice Blackburn, which is leading a consumer class action on behalf of about 100,000 motorists, says Volkswagen and its Audi and Skoda subsidiaries must file a response by October 16.
“It is astonishing that these companies which pride themselves on truth in engineering could work so extensively, over such a long period, to develop and implement deceptive software so as to bolster sales of overly polluting diesel vehicles rather developing real ways of genuinely reducing dangerous diesel emissions,” Maurice Blackburn’s Jason Geisker said.