As of today, Australian Dairy Farms Group will be listed on the Australian Securities Exchange (ASX).
The company – which previously traded under the name APA Financial Services before it underwent a change in focus and scale of its business activities – produces fresh milk which it sells to milk processors and the wider global market, The Weekly Times reports.
The group currently owns Brunknell Farms which comprises two adjoining dairy farms at Brucknell near Warrnambool Vic, and has plans to bring together and operate high-quality dairy farms in prime locations in the state.
In the medium term, Australian Dairy Farms Group will look to acquire more farms with the aim of producing over 50 million litres of milk per year within a two year period.
According to the Weekly Times, the group has issued 46.5 million stapled securities at 20 cents each to raise approximately $9.3 million which will be used to achieve their goal of acquiring more land, while also covering associated operational costs.