Taiwan-based pharma group to take over Ausnutria Dairy

Headquartered in Hunan,Ausnutria Dairy's two major shareholders BraveLeader Limited and Ausnutria Holdings Co., Ltd had agreed to sell 15% to 20% stake to Taiwan-based pharma group Center Laboratories for not lower than HK$3 (US$0.39) per share.

Center Laboratories and its majority-owned subsidiary Bioengine Capital are already holding a 27.18% stake inAusnutria Dairy following their recent acquisition in November last year. Hence, they will becomethe single majority shareholder ofAusnutria Dairy with this latest equity investment.

Ausnutria Dairy has three production lines with a yearly output close to 15000 tonnes, and according tothe company'smid-year financial report dated June 30, 2014, their income was around RMB937 million.