Core Viewpoint - The company, Bright Dairy (600597.SH), announced the sale of its New Zealand North Island assets to Abbott for $170 million, with the transaction expected to enhance cash flow and support debt repayment [1] Group 1: Asset Sale Details - The subsidiary, New Light, will sell the Pokeno factory located in Waikato, New Zealand, which is strategically positioned near dairy sources with a maximum raw milk transport distance of 150 kilometers [1] - The Pokeno 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 manufacturing 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 a warehouse for storing finished products and raw materials [1] Group 2: Financial Impact - The transaction is expected to be completed by April 2026 and is projected to increase New Light's net profit by approximately NZD 10 million to NZD 15 million for the 2026 fiscal year [1] - The sale of the North Island assets will provide sufficient cash flow for New Light to repay its debts [1]
光明乳业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