China Food

Successful tender offer! Yili and Aoyou usher in a new era through strategic coordination

“ 
“excellent” gathers “Iraqi” strength and creates the future together.
 ”

On March 3, Aoyou Dairy Co., Ltd. (1717.hk, hereinafter referred to as “Aoyou” or “the company”) and Hong Kong Jingang trading Holding Co., Ltd. (hereinafter referred to as “Jingang”), a wholly-owned subsidiary of Inner Mongolia Yili Industrial Group Co., Ltd. (600887, hereinafter referred to as “Yili”), issued a joint announcement, Announce the successful tender offer of all the issued shares of Aoyou by the offeror Jingang. So far, Yili and Aoyou have ushered in a new era of strategic coordination!

  

According to the announcement, as of 4:00 p.m. on March 3, 2022, the deadline of the first offer, Jingang has received 332338860 accepted shares, accounting for about 18.38% of the total issued share capital of Aoyou. Jingang also holds 620824763 shares of Aoyou, with a total of accepted shares. Jingang holds or controls 953163623 shares of Aoyou, accounting for about 52.70% of the total issued shares of Aoyou.

The success of this comprehensive tender offer means that Yili and Aoyou will enter a new period of strategic in-depth coordination. Yili is the dairy enterprise with the first comprehensive strength in China and the top 5 dairy enterprises in the world; Aoyou is a leader in subdivided fields and has the world’s first brand of goat milk. Both companies take excellence, innovation, win-win and respect as their core concepts, and are committed to serving the Chinese market and leading the Chinese dairy industry to the world. We have reason to believe that the joint creation of the two enterprises will realize the strategic development of 1 + 1 > 2 and jointly build a new era of win-win development of China’s dairy industry!

  

Yan Weibin, chairman of Aoyou, said that Yili and Aoyou have the same mission, vision, values and development strategies. They also have good complementarity in upstream milk source layout, R & D and innovation, supply chain construction, product portfolio, talent training, international development, brand construction and terminal channel development; Both companies are enterprises moving from places with relatively weak business foundation in mainland China to the world. They both have the blood of hard work, courage to work hard, commitment, continuous innovation and the pursuit of excellence. Aoyou values the strength of Yili as a leading enterprise, as well as the superior leadership charm of Chairman Pan Gang and the strategic vision and pattern of leading China’s dairy industry to the world. Aoyou welcomes Yili’s participation and will deeply embrace the era of collaborative innovation after the success of the comprehensive offer.

In recent years, the state has issued several documents to encourage the dairy industry to become bigger and stronger, provide consumers with high-quality products and services through industry integration, and enhance the international status of China’s dairy industry. In the future, Aoyou will make full use of Yili’s advantages at home and abroad to promote the communication between China’s dairy industry and the world’s dairy industry, gather global high-quality nutrition and wisdom, bring better products and services to global consumers, bring longer-term development to enterprises, bring more returns to shareholders, and contribute better strength to the health of China and the revitalization of dairy industry!

Source: Ausnutria (ID: Ausnutria 2003), reprint has been authorized. Reprint authorization and media business cooperation: Amy (wechat: 13701559246); Foodaily Expo 2022] foodaily Expo 2022 is the theme and invites 500 + the world’s most innovative brands and 4000 + middle and high-level industry decision makers… In the conference (foodaily fbic 2022) module, we set 2022.05.31-06.02. We’ll see you in Shanghai! related reading

Read the original text

Similar Posts

Leave a Reply

Your email address will not be published.