Market Alert: Strong Breakout Setup Emerging in ASX 200 Utilities Sector
RooLife Group Ltd (ASX: RLG), a digital marketing and e-commerce firm, has entered into exclusive 10-year marketing and distribution agreements with three prominent Chinese manufacturers—Genmia, Kemin, and Sunda. These companies will produce solar panels, inverters, and battery systems under the RLG brand, with RLG exclusively handling global branding, digital marketing, and distribution. The partnership aims to capitalize on rising global demand for renewable energy, particularly in regions like Australia, India, Southeast Asia, Europe, and the Americas. This initiative also supports RLG’s broader strategy of enabling two-way trade with China amidst evolving international trade conditions. Revenue from the global sales of these solar systems will be recognized by RLG, with profit-sharing between all parties. The first sales are expected in Q4 FY2025. This strategic move significantly strengthens RLG’s presence in the renewable energy sector by combining Chinese manufacturing expertise with RLG’s digital marketing and sales strengths
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
