- Shares in Australian-based company Cellmid (CDY) rose after it announced a 10-year agreement to distribute its anti-aging and skin care products in China
- Cellmid signed the agreement with Hong Kong-based Ourui Health Management via its subsidiaries Advangen Limited and Advangen Inc
- Then the agreement will grant Cellmid expansion into the Chinese market selling its Japanese consumer health products Ju-Ju and Lexilis
- Ourui Health Management owned by beauty entrepreneur Steven Ko who co-founded the Australian beauty brand Red Earth and facemask brand SkinVitals
- The agreement also extendable for an additional 10 years subject to distributor performance
- CDY shares are up 4.55 percent on the back of the announcement, closing at 11.5 cents each
