Core Viewpoint - Modern Dairy Holdings Limited is acquiring approximately 1.28% of China Shengmu Organic Milk Limited for HKD 37.52 million, which will increase its shareholding to over 30%, triggering a mandatory cash offer for the remaining shares at HKD 0.35 per share, totaling approximately HKD 2.016 billion [1][2] Group 1 - The acquisition will allow Modern Dairy and its concert party, Mengniu, to gain substantial control over China Shengmu's decision-making processes through a voting rights agreement [1] - The offer price of HKD 0.35 represents a premium of approximately 14.75% over China Shengmu's last trading price of HKD 0.305 [2] - Post-acquisition, the combined herd size will exceed 610,000 heads, and the estimated annual raw milk production will surpass 4 million tons, positioning the merged entity among the top global dairy farming companies [2]
现代牧业要约收购中国圣牧