23 July 2019

Pengxin gets nod for NZ dairy farm takeover, paper says

Shanghai Pengxin Group has won Chinese regulatory approval to take over New Zealand’s Synlait Farms, National Business Daily reported Thursday, citing a company statement. In November, Pengxin offered NZ$87.5 million (US$73.63 million) for Synlait Farms through its SFL Holdings subsidiary. The Shanghai company later sweetened the offer to NZ$92.5 million, the report said.

– Contact HKEJ at [email protected]



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