Zhengbei Network News (Zheng Huiying, reporter of The Northern New Daily) The first major merger and acquisition case of China's dairy industry in recent years was announced on the 27th. Asia's largest and most valuable dairy giant Yili shares strategically invested in goat milk powder giant Ausnutria Dairy and became its largest shareholder. The resources and strength behind the two companies are enough to reconstruct the entire industry.
On October 27, Yili Co., Ltd. announced that it intends to enter Ausnutria Dairy through its wholly-owned subsidiary Hong Kong Jingang Trading Holdings Co., Ltd. (hereinafter referred to as "Jingang") to further increase the field of infant formula and nutritional food.
According to the announcement, Jingang will purchase 531 million shares of Ausnutria held by the original shareholders at a price of HK$10.06 per share, accounting for 30.89% of the issued share capital of Ausnutria. In addition, Ausnutria will also issue 0.9 billion new shares to Jingang at a price of HK$10.06 per share. Upon completion of the transaction, Jingang, a wholly-owned subsidiary of Yili Shares, will hold 621 million shares of Ausnutria shares, accounting for 34.33% of the issued share capital of Ausnutria and become its single largest shareholder.
At the signing ceremony of the strategic cooperation between Yili Group and Ausnutria Dairy, Pan Gang, Chairman of Yili Group, said: "Ausnutria and Yili are enterprises with many similarities, and we agree with the corporate culture and strategic layout of Ausnutria Dairy, and also recognize the core team of Ausnutria Dairy. In the future, Yili will give full play to its advantages in scale, brand, channel and industrial chain, empower the long-term healthy development of Ausnutria, and work with Ausnutria to open up a new pattern and new possibilities in the milk powder, dairy products and even health food industry, and realize the common industrial dream. ”