HONG KONG (ACN Newswire) Ausnutria Dairy Corporation Ltd (Ausnutria or the Company, together with its subsidiaries, the Group; stock code: 1717.HK), a company engages in the research and development, production and distribution of all dairy products (including infant formula) and nutrition products with production facilities principally based in the Netherlands, Australia, New Zealand and the PRC, is pleased to announce that the issue of 249,000,000 new shares to CITIC Agri Fund Management Co., Ltd. (CITIC Agri Fund) is officially completed today.
During the course of the 15-year development of Ausnutria, CITIC Agri Fund expresses its high recognition towards Ausnutria through investing in the Company. The presence of CITIC Agri Fund strengthens Ausnutria’s shareholder background and financial resources.
The total consideration for the issue of 249,000,000 new shares to CITIC Agri Fund is HK$1,289,820,000. CITIC Agri Fund is interested in 23.97% of the total number of Shares and replaces Center Laboratories, Inc. and its subsidiaries as the single largest shareholder of the Company. Center Lab and its subsidiaries will be holding approximately 23.78% of the Shares and remain as one of the substantial Shareholders of the Company.
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