Refresh Group to Develop Honey Water for Chinese Market Co-operation Agreement Signed With Meluka Health for Product Development
Refresh Group Ltd (Refresh) announced on 28 December 2016 that it has taken up a $300,000 placement of shares in Eve Investments Ltd (Eve) at 0.8 cent per share. Refresh is pleased to provide an update that it has entered into a Joint Development and Co-operation Agreement with Meluka Health, one of Eve's companies.
Agreement to develop a medicinal honey water
The agreement involves the development of a honey water product range for Australia as well as the Chinese market. Refresh is Australia's largest producer of distilled drinking water with 6 bottled water factories in 4 States.
Refresh will cooperate with Meluka Health to develop a honey water product range utilising organic Meluka honey produced by Meluka Health. Combining the two uniquely Australian products will create a new product to cater for strong demand from China for natural food based products that have additional health benefits.