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The Luo Han fruit is native to China, grows only in Southern China, and the Chinese Government has banned it from being grown outside of China where it is protected by World Trade Organisation Rules. Bio-GFS, the Joint Venture through which BioVittoria has recently set up a factory in Guanxi Province, owns the sole plant variety rights to the only commercially available Luo Han plants, and has a network of over 5000 growers in the Province, for which they help manage the fruit growing and processing aspects of the business.
As pointed out by Andrew McDouall of McDouall Stuart, that although risky, this represents a great opportunity to get involved early with a NZ company that is making big strides. "If we waited six months they could have all the regulatory approvals but would pay more. It's a risk return trade-off. There are many investors that want to get in at the ground floor of great opportunities rather than paying top dollar from a private equity firm."
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