Core Viewpoint - Synlait Milk Limited, a subsidiary of the company, is engaging in forward foreign exchange contracts to hedge against currency fluctuations related to the sale of its North Island assets for a price of USD 170 million [2][3][26]. Group 1: Business Overview - The purpose of the business is to mitigate the financial impact of currency fluctuations on the sale of North Island assets, which will be priced in USD [2]. - The forward foreign exchange contracts will be executed with qualified banks and financial institutions, with a maximum transaction amount of USD 170 million [2][3]. - The forward foreign exchange contracts are expected to cover 90%-100% of the sale price of the North Island assets [4]. Group 2: Financial Details - The sale price of the North Island assets is set at USD 170 million, with the specific investment amount for the forward foreign exchange contracts to be determined based on Synlait's needs [3]. - The expected delivery date for the transaction is April 1, 2026 [5]. Group 3: Approval Process - The business has been approved by the company's board of directors and the audit committee, with unanimous votes in favor [8][25]. - The project requires approval from Synlait's shareholders and the New Zealand Overseas Investment Office [27][44]. Group 4: Financial Impact - The project is expected to increase Synlait's net profit by approximately NZD 10 million to NZD 15 million in the 2026 fiscal year [53]. - The sale will help Synlait address excess capacity issues and improve operational quality by focusing resources on core business activities [53]. Group 5: Risk Management - The company has established risk control measures, including strict adherence to legal and prudent principles in conducting forward foreign exchange contracts [11][12]. - The company will monitor currency fluctuations and adjust its hedging strategy accordingly to ensure price stability [30][59].

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]

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]