Fiji Kava Limited (AU:CCO) has released an update.
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The Calmer Co. International Limited has announced the strategic acquisition of the Navua processing facility and its surrounding freehold land from KaiMing Agro Processing Pte Ltd for FJD 4.4 million, a move set to bolster the company’s production capabilities and balance sheet. The purchase includes a 5,856 square meter land parcel with a fully equipped facility and accommodations for staff, indicating a significant investment in the company’s infrastructure. CEO Anthony Noble emphasizes the acquisition as a timely advancement coinciding with the company’s installation of new production lines and equipment upgrades.
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