SINGAPORE (Apr 16): Analysts are bullish about Japfa’s impending strategic partnership with Meiji Co in its China dairy business. The move will likely stabilise the agri-food company’s revenue stream and help the firm refinance loans it took out to consolidate its China operations in 2017. 

JAPFA announced that it will sell 25% of its share capital in AustAsia Investment Holdings -- which operates Japfa’s dairy farming business in China -- to Meiji, a leading Japanese dairy company, for a total cash consideration of US$254.4 million ($363.4 million). 

See: Japfa to sell 25% stake in China dairy farming business to Meiji for $360 mil in strategic partnership

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