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Obtala sees 'supercycle' ahead for forestry and agriculture
“The trade finance facility will provide the trading division with the necessary capital to achieve 3-4x growth in the next 18 months.”
Company
Woodbois Ltd
LON:OBT
Woodbois Ltd is an African-focused forestry company, divided into three distinct, but highly complementary divisions comprising the production and supply of sustainable African hardwood products, the trading of hardwood and hardwood products, and a reforestation and carbon credit division. The company's forestry division has production facilities in Gabon and Mozambique, managing a total of c470,000 hectares of natural forest concessions.
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Obtala expects major Woodbois boost going forward
The company is mulling a dual listing in China or Australia to further strengthen its links with Asian investors
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Obtala says second half expansion plans unaffected by delays to subscription agreement funds
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Obtala issues positive operational update for quarter that included Woodbois acquisition
The statement largely reiterated previously announced information, including news that six forestry management plans have now been approved over 153,500 hectares of its concessions in Mozambique
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