Oceania Natural raises $3.5mn to set up Hong Kong office

Tue, 19 Jul 2016

By Sophie Boot July 19 (BusinessDesk) - Oceania Natural, the food supplements maker which listed on the NXT at the end of March, has raised about $3.5 million from investors in a joint venture to establish a Hong Kong-based subsidiary. The company, which produces food supplements derived from manuka honey and noni fruit juice, has raised about NZ $3.5 million (HK$19.5 million) from qualified Chinese and New Zealand investors, it said in a statement. The investors collectively hold 49 percent of the subsidiary, ONL Asia, while Oceania Natu...

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