Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Bright Food (Group) Co Agrees to buy 30% stake
July 31, 2009, Friday
|
Print Edition
Print Edition
BRIGHT Food (Group) Co has agreed to buy 30 percent stake in Shanghai-listed unit Bright Dairy and Food Co for 1.55 billion yuan (US$227 million).
The food giant will buy 314 million shares of Shanghai Bright Dairy at 4.93 yuan each from S.I. Food Products Holdings Ltd, the second-largest shareholder of the Shanghai-listed unit. S.I. Food sold the stake because it wants to focus on its core business.
The equity transfer will make Shanghai Bright Dairy become a wholly owned unit of Bright Food, which already holds a further 35 percent shareholding through its subsidiary Shanghai Dairy Group.
The food giant will buy 314 million shares of Shanghai Bright Dairy at 4.93 yuan each from S.I. Food Products Holdings Ltd, the second-largest shareholder of the Shanghai-listed unit. S.I. Food sold the stake because it wants to focus on its core business.
The equity transfer will make Shanghai Bright Dairy become a wholly owned unit of Bright Food, which already holds a further 35 percent shareholding through its subsidiary Shanghai Dairy Group.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
