VLG has terminated the agreement with its previous Chinese partner, and announced a new partner to distribute Dentyl and UltraDEX into China. Samarkand (SMK) is a UK listed business which specialises in connecting brands with Chinese consumers. Reflecting prudence in light of its previous venture, we make no changes to forecasts yet. However, if executed to plan, the new agreement could add materially to earnings, especially from FY24 onwards.
