Longreach was suspended from the ASX in May last year after the stock exchange operator deemed it had insufficient operations to warrant quotation.

The firm, which owns a share of some Australian oil and gas exploration leases and a stake in a US telecommunications company, said in a statement to the ASX yesterday that it has agreed to buy Happy Valley Milk Ltd., a New Zealand company that has land use consents from the Otorohanga District Council to establish and operate a fully integrated milk processing, blending and packaging plant on a site near Hamilton.

The transaction is conditional on obtaining Waikato Regional Council water use and water discharge consents, which it said were well advanced.

Continue here to the full article  |  ||  April 11, 2018   |||