Japfa selling 5% in China milk unit to New Hope for US$58.4 mil

The Edge Singapore
The Edge Singapore 9/7/2021 09:43 PM GMT+08  • 2 min read
Japfa selling 5% in China milk unit to New Hope for US$58.4 mil
The US$146 million from these three investors will be used by AustAsia for general working capital and corporate purposes.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Japfa is selling 5% in its China-based milk subsidiary for US$58.4 million ($78.5 million), to boost its position as the country’s largest independent raw milk producer.

The transaction values AustAsia Investment Holdings, as this subsidiary is called, at US$1.17 billion.

The buyer, New Hope, is also in the agri-food industry, and will be yet another downstream player to buy from AustAsia.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now