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Merino & Co. Limited (ASX:MNC)

ALERT: Price-sensitive ASX Announcement for MNC
Current share price for MNC : $0.080 -0.09 (-52.94%)+
Announcement
Release
3 Sep 2025 10:02AM
Price at Release
$0.170
Full Release
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Summary
Merino & Co. Limited has announced an Offtake & Distribution Agreement with BINJORA, a renowned apparel brand owned by Bosideng International Holdings Limited. This strategic partnership aims to distribute and market merino apparel products in China and develop co-branded products for both the Australian and Chinese markets. BINJORA has already placed an initial order exceeding $50,000. Under this agreement, Merino & Co. is designated as the sole agent for sales and distribution of these products in Australia. The collaboration will also leverage BINJORA's design and cost-efficient manufacturing capabilities, aiming to diversify Merino & Co.'s product lines and enhance its market presence internationally.
Key Points
  • Merino & Co. has entered into an Offtake & Distribution Agreement with BINJORA.
  • The agreement facilitates the distribution and sale of merino apparel products in China.
  • BINJORA's initial order exceeds $50,000.
  • Merino & Co. will jointly develop co-branded merino products for the Australian and Chinese markets.
  • Merino & Co. is appointed as the sole distribution and sales agent for the co-branded products in Australia.
  • BINJORA will leverage its design and manufacturing capabilities for new product lines.
  • Merino & Co. aims to diversify its product lines and access advanced materials and manufacturing capabilities.
  • The partnership is expected to enhance Merino & Co.'s international market presence, especially in China.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.