16 January 2019

RRJ to invest 1.5 bln yuan in Bright Dairy farm, filing says

RRJ Capital, a Singapore-based private equity firm, plans to invest about 1.5 billion yuan (US$245.9 million) in a dairy farm run by Bright Dairy & Food Co. Ltd. (600597.CN), the Chinese company said in a regulatory filing released late Wednesday. RRJ will become a strategic investor in Bright Dairy unit Shanghai Bright Holstan Co. Ltd., which owns the dairy farm, the filing said. After the deal, RRJ Capital will hold a 45 percent stake in Shanghai Bright Holstan, while Bright Dairy will keep the remainder, it said.

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