Core Viewpoint - Bright Dairy's subsidiary, Newlight, plans to sell its North Island assets in New Zealand to Abbott for $170 million due to underutilization and significant losses affecting profitability [1] Group 1: Asset Sale Details - Newlight's North Island factory has been experiencing low capacity utilization, leading to substantial losses [1] - The asset sale is expected to be completed by April 2026 and is projected to increase Newlight's net profit by approximately NZD 10 million to 15 million for the fiscal year 2026 [1] Group 2: Strategic Implications - The sale will help Newlight address its current operational challenges by allowing the company to focus on its core business and enhance competitiveness [1] - Proceeds from the asset sale will improve cash flow for debt repayment and reduce future operating capital loan requirements, significantly lowering interest costs [1] Group 3: Financial Performance - Bright Dairy reported a revenue of approximately CNY 12.472 billion for the first half of 2025, a year-on-year decline of 1.9%, and a net profit of about CNY 231 million, down 22.53% year-on-year [1] - Abbott's total revenue for the first half of 2025 was $21.5 billion, with a net profit of $3.104 billion [1]
光明乳业旗下新莱特1.7亿美元出售北岛资产