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QAF to dispose of its primary production business for indicative purchase price of $110.3 mil

Felicia Tan
Felicia Tan6/8/2021 8:17 PM GMT+08  • 3 min read
QAF to dispose of its primary production business for indicative purchase price of $110.3 mil
Following the disposal, QAF intends to pay a special dividend of 2 cents per share, amounting to some $11.5 million in total.
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QAF Limited, the multi-industry food company, has entered into a sale and purchase agreement (SPA) on June 8 to dispose of its primary production business in Australia, following a “competitive sale process”.

The group’s wholly-owned subsidiaries, Hamsdale International and Oxdale Investments have agreed to sell the entire issued share capital of Rivalea Holdings and Oxdale Dairy Enterprise to Industry Park.

Rivalea Holdings owns two Australian-incorporated subsidiaries and Diamond Valley Pork.

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