Core Viewpoint - Modern Dairy (01117) is acquiring approximately 1.28% of China Shengmu's shares for HKD 37.52 million, triggering a mandatory offer to purchase the remaining shares at HKD 0.35 each, totaling up to HKD 2.016 billion, which is seen as a consolidation of upstream resources by Mengniu [1]. Group 1: Acquisition Details - The acquisition will increase Modern Dairy and its concerted parties' shareholding from 29.99% to over 30%, thus triggering the mandatory offer [1]. - The total maximum price for the remaining shares of China Shengmu is approximately HKD 2.016 billion [1]. Group 2: Strategic Implications - The merger is expected to create a "strong alliance" between Modern Dairy and China Shengmu, with a combined herd size projected to exceed 610,000 heads [1]. - The annual raw milk production is anticipated to surpass 4 million tons, positioning the combined entity among the leading livestock farming enterprises globally [1]. - The scale effect is expected to enhance bargaining power in the procurement of bulk materials like feed, effectively reducing unit production costs and solidifying cost advantages in the industry [1].
港股异动 | 现代牧业(01117)午前涨近5% 公司收购中国圣牧触发全面要约 最高总价超20亿港元