Japfa disposes of 7.5% equity stake in subsidiary AustAsia for $117.9 mil

Felicia Tan
Felicia Tan8/31/2021 8:20 AM GMT+08  • 3 min read
Japfa disposes of 7.5% equity stake in subsidiary AustAsia for $117.9 mil
The move is part of Japfa’s plans to grow into the largest independent raw milk producer in China.
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Japfa, on Aug 30, has entered into two separate sale and purchase agreements (SPAs) to dispose of a 7.5% stake in its subsidiary AustAsia Investment Holdings for a total consideration of US$87.6 million ($117.9 million).

AustAsia operates dairy farms producing raw milk and cattle feedlots producing beef in China.

The SPAs were entered into with Plutus Taurus Technology HK, a subsidiary of Genki Forest Technology Group Holdings and Honest Dairy Group.

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