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Investing.com -- Bon Natural Life Ltd (NASDAQ:BON) stock gained 4.6% after the bio-ingredient solutions provider announced a non-exclusive sales distribution agreement with Beijing Huahai Keyuan Technology Co. Ltd. for its natural weight loss product line.
The 36-month agreement, valued at $22 million, will see Huahai Keyuan distribute BON’s weight management products across China and Southeast Asia. The products feature a "prebiotics + postbiotics" compound formula that the company describes as an innovative approach to weight loss that doesn’t require restrictive dieting.
"As a global participant in ’prebiotics + postbiotics’ health solutions, we’re thrilled to introduce our new line of advanced, sustained-action weight management supplements," said Yongwei Hu, Chairman and CEO of BON. "We are excited to partner with Huahai Keyuan. As a leading health enterprise in China, Huahai Keyuan specializes in marketing original health products and has an impressive track record in expanding markets and building strong brands."
The partnership aims to help BON enter China’s weight management market, which the company characterized as large and fast-growing. Huahai Keyuan will sell and distribute BON’s natural weight loss products throughout the region during the term of the agreement.
Bon Natural Life provides bio-ingredient solutions for the natural health and personal care industries.
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