Oct 7 (Reuters) - Beston Global Food Company Ltd BFC.AX :
* LACTOFERRIN PLANT AT JERVOIS ESTIMATED TO COST $13 MILLION
* INVESTMENT MANAGEMENT AGREEMENT WITH BESTON PACIFIC ASSET MANAGEMENT WILL CONTINUE TO REMAIN IN OPERATION
* ISSUE OF IMA TERMINATION WILL BE KEPT UNDER REVIEW BY INDEPENDENT DIRECTORS
* MANAGEMENT FEE PAYABLE TO BPAM UNDER IMA WILL REDUCE TO $1.62 MILLION PER ANNUM FOR FY21 PERIOD TO 31 DEC 2020