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Nutrition business takes to the ASX
One firm has advised a nutritional products business on its initial public offering and listing on the Australian Securities Exchange.
Emma Musgrave
Firm: HWL Ebsworth (Eagle Health Holdings Limited)
Value: $25 million
Area: IPO
Key players: The legal team advising EHH was led by HWL Ebsworth corporate partner Thomas Kim and special counsel David Woodford.
Deal significance: According to a statement from HWL Ebsworth, EHH is a vertically integrated nutritional products business that aims to help people live healthier lives by developing, manufacturing, marketing and distributing a range of health food products and nutritional and dietary supplements under its own brand in China.
The firm explained that EHH distributes its products through a broad range of channels, including pharmacies, health food stores, trading companies, supermarkets and online channels, covering 23 provinces and autonomous regions throughout China.
“In Australia, EHH is seeking to add to its product portfolio by sourcing Australian-manufactured nutritional products and ingredients to export to China,” the firm’s statement read.
“EHH’s ASX listing further strengthens HWL Ebsworth’s capital markets practice, and in particular, its Asian capability by facilitating Asian inbound and outbound investment.”
Shares in EHH began trading on 3 July 2017 under the ASX code EHH. At listing, EHH had a market capitalisation of $125 million based on its offer price of $0.40 per share.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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