17 October 2017
China wood contract termination
Quintis (ASX code: QIN, the "Company"), the world's largest owner and manager of commercial Indian sandalwood plantations, confirms that further to the Company's announcement on 27 March 2017, it has today terminated its agreement for the supply of Indian sandalwood wood to China-based buyer Shanghai Richer Link.
Quintis continues to work on the development of the Chinese market and is in active dialogue with a number of potential customers to recommence the supply of its wood and oil to the large Chinese market.
The Company will continue to keep the market informed of developments in this area.
ENDS
For investor enquiries please contact:
Julius Matthys
Chief Executive Officer Ph: +61 9215 3000
Alistair Stevens
Chief Financial Officer Ph: +61 9215 3000
For all media enquiries please contact:
Cameron Morse FTI Consulting
Ph: +61 433 886 871
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Quintis Ltd. published this content on 17 October 2017 and is solely responsible for the information contained herein.
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