Aoya Group To Buy Meiji China Subsidiary For Up To RMB 350 Million

Dairy farm operator Aoya Group (2425) said wholly owned subsidiary Shanghai Aoya will acquire all equity in a wholly owned subsidiary to be established in China by Meiji (China), according to Ming Pao. The new company will hold all the equity in Meiji Suzhou and Meiji Tianjin. The deal includes a base purchase price of RMB 320 million and an adjustment amount, with the purchase price capped at RMB 350 million. Aoya Group said it expects to fund the acquisition through a mix of internal resources and external financing.