Core Viewpoint - The company Guangming Dairy (600597.SH) announced the sale of its New Zealand North Island assets to Abbott for USD 170 million, with the Irish branch of Abbott providing a guarantee for the buyer [1] Group 1: Asset Sale Details - The Pokeno factory, located at 45 McDonald Avenue, Pokeno, Waikato, is adjacent to a major milk supply area, with raw milk transportation distances not exceeding 150 kilometers [1] - The factory, completed in 2020, has an annual production capacity of 40,000 tons and serves as a state-of-the-art base for nutritional powder production, capable of producing various products including high-quality industrial powder and nutritional formula milk powder [1] - The sale includes related assets such as equipment on leased land and the Jerry Green warehouse for storing finished products and raw materials [1] Group 2: Financial Impact - The project is expected to be completed by April 2026, with an anticipated increase in New Lite's net profit of approximately NZD 10 million to 15 million for the fiscal year 2026 [1] - The sale of the North Island assets will provide sufficient cash flow for New Lite to repay debts [1]
光明乳业(600597.SH)下属子公司新莱特拟作价1.7亿美元出售新西兰北岛资产