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Star Combo Pharma Ltd

ASX Announcements

MEDIA RELEASE                                                

Friday 10 August 2018

Star Combo Announces Further Information on Ausway Acquisition

The business of Ausway is complimentary to Star Combo and is a significant customer of Star Combo’s contract manufacturing division (6th largest client). Location is Sydney and in various forms has been in business for approximately 10 years. The number of employees is 10.


The total consideration is agreed at 10 times June 2018 annual after tax profit (approximately {Content}m) therefore $10m payable.

ASX Announcements


MEDIA RELEASE                                                

Tuesday 15 May 2018



Sydney-based nutritional products business, Star Combo Pharma Limited (“Star Combo”), will list tomorrow, Wednesday May 16, 2018 on the ASX (code: “S66”) after a successful Initial Public offering (IPO).


The Company had sought to raise between $3 million and $7 million through the 50 cent a share Offer, closing the IPO oversubscribed.


The IPO proceeds will be used to market Star Combo’s premium “Living Healthy” vitamin and dietary supplement brand throughout the 450 retail chemist outlets under the TerryWhite Chemmart banner. Star Combo acquired the brand from TerryWhite Chemmart last year.


Star Combo Chairman, Mr Richard Allely, said today the IPO’s success meant the Company could fully fund its strategy outlined in the prospectus of providing comprehensive marketing and branding support to promote Living Healthy across the full TerryWhite Chemmart retail footprint.


“We believe this strategy will deliver significant top line revenue growth over the next 12 months,” Mr Allely said.


The Company will list on the ASX tomorrow with an initial market capitalisation of A$37.5 million, with a total of 75.6 million ordinary shares listed.


Star Combo is one of only nine soft gel manufacturers in Australia licensed by the Therapeutic Goods Administration (TGA) to produce vitamin and dietary supplement products.


MEDIA CONTACT:               Richard Allely         Chairman, Star Combo                                        (0419 653 628)

                                               Ms Su Zhang          Chief Executive Officer, Star Combo                   (0432 718 716)

                                               Kevin Skinner         Field Public Relations                                          (0414 822 631)

                                               John Field               Field Public Relations                                          (0418 819 527)        

Governance & Board of Directors

Star Combo Pharma's Board and management are committed and dedicated to the highest standards of our corporate behaviour and accountability throughout the organisation. The Board meet regularly to review its governance practices and ensure the needs and expectations of our stakeholders are met within a framework that is appropriate for Star Combo Pharma and ensures legal compliance.

Please view our governance policies below:

Board Charter.pdf

Code Of Conduct.pdf

Diversity Policy.pdf

Shareholder Communication Policy.pdf

Continuous Disclosure Policy.pdf

Security Trading Policy.pdf

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