KOMs for FY16 in line
Marlborough Wine Estates (MWE) was formed in March 2015 to acquire vineyard assets comprising the Otuwhero Estate from Min (James) Jia. The purchase was satisfied by the issue of 240m shares. Products sold in FY15 (pro forma) include bulk grapes (67.6% of revenue) and bottled wine into China (21.1%), New Zealand (4.3%) and other markets (7.1%). MWE undertook a compliance listing. The key operating milestones (KOMs) suggest that management expects to create value from increased volumes of grapes harvested and from an increase in the proportion of product sold as higher-margin bottled wine.Marlborough Wine Estates Group Ltd. Marlborough Wine Estates Group Limited is a New Zealand-based company that owns and operates vineyards in Awatere valley. The Company produces Marlborough Sauvignon Blanc and sells bottled and bulk wine in both New Zealand and international markets. It also provides bulk grapes to white wine producers in New Zealand. The Company markets its products under the brands, O:TU and Music Bay.
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