Consensus community valuation
$5.32
Average Intrinsic Value
142.7%
Undervalued by
Active Member Straws
#ASX Announcements
Added 6 months ago

Unedited:

Zoono Group Limited (Company) (ASX: ZNO) is pleased to announce that it has entered into 
an exclusive distribution agreement with Beijing Youmeng Technology and Development 
Limited for the childcare and hotel sectors in China.


Following the Coronavirus outbreak, there has been unprecedented interest in Zoono’s
technology given its proven efficacy against viruses and bacteria and ability to prevent cross 
contamination.


The material terms of the new distribution agreement are:
1. An initial five (5) year term;
2. Exclusivity in all childcare and hotel markets in China;
3. Minimum purchase volumes of:
• NZD$1.5m in the first 18 months;
• NZD$2.3m in year two; and 
• NZD$3.0m in year three, 
and thereafter increasing by 10% per annum; and
4. Full payment is required for all product orders prior to shipping.


Zoono has received an initial payment of NZD$775,000 from Beijing Youmeng Technology and 
Development Limited.

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#Company Update
Added 3 months ago

05-May-2020:  Company Update

The market liked it.  ZNO +20.33% today.

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#ASX Announcements
Added 3 weeks ago
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