In the acquisition cost of 1.55 billion yuan Bright Dairy [6.25-6.72%] (600597.SH) Jinsan Cheng shares, Bright Food (Group) Co., Ltd. ("the Great Light"), announced yesterday, will cost about 800 million yuan was the largest sugar enterprises in Yunnan Province of China Mao British Sugar Co. Corporation ("British Sugar Mao") 60% stake. The deal still needs to present the relevant authorities. After completion of the transaction, will promote the Ying-mao large bright sugar listed in Hong Kong, and play cause its sugar market platform. After several rounds of adjustment, large bright identified dairy, wine, sugar, wholesale distribution industry and the chain of commerce industry and modern agriculture "5 +1" pattern of the core business. In the completed Rice wine Industry consolidation and the three-percent stake in Bright Dairy's incorporation, the sugar industry integration from behind the scenes to the front. British Sugar Mao had in August last year, the Hong Kong Stock Exchange listing through the hearing, but then come Financial The pace of market turmoil, so that it ran aground. The large bright for the sugar industry has long been interested in Bright Dairy to find a similar or Jinfeng Wine [14.82-7.32%] of the market platform. Therefore, in the British sugar industry strategic investors Goldman Sachs, Mao positive match, big bright and British Sugar Shigeru it in just three months the deal was reached agreement. Great light in the first half of this year in a project company incorporated in Hong Kong light sugar, sugar by bright transferee shareholders of the British Sugar British Mao Mao Group, Goldman Sachs (Asia) of the 30% stake. After transfer of the Group and the British Shigeru Goldman Sachs (Asia) will hold the British Sugar Mau, 35% 5% stake. Ying Mao Group is principally held by the company management and staff. Through the deal, with two large light gain, the first listing is a clear platform, followed by the upper reaches of the excellent sugar production resources. Mao British Sugar is the largest sugar enterprises in Yunnan Province, the production base all over the southern part of Yunnan Province, southwest of 10 sugar mills subordinates, the annual production of 450,000 tons of sugar, accounting for 20% of sugar output in Yunnan Province, is the national 10 big sugar companies. The domestic sugar industry has a large bright Sell And trade leading enterprises Eastern pilot. Large light itself deep in sugar accumulation, but the additional advantage of a bright sales. Currently the Group in East China, North China, Southwest has established three regional market-based companies and 15 sales 20 sales outlets in the country has more than 7,000 end customers, including more than 1,500 enterprises and more than 5,000 supermarkets, food stores and other networks, and Coca-Cola , Unity Group, Wahaha, Erie, Want Want Group and other major domestic food established business cooperation, sugar sales volume more than 1.2 million tons in China, accounting for about 10% sugar consumption market share. To get through the industrial chain since 2001, when the Yan Tang Group and its listed company's first food (600616.SH, Jinfeng Wine predecessor) began to work on the upstream distribution of resources. Large light set up, the Sugar Set the main industry group, and established a "Resource + Network + Logistics + spot + of E-commerce "And" Five in One "Sugar national industrial strategy, the formation of the" on control of resources, the network under the control of North and South distribution, coastal wiring "of the industrial distribution, by means of mergers and acquisitions in Guangxi, and Hainan has its own sugar-producing areas production base. The completion of the transaction and the British Sugar Mao, the great light will greatly enhance the strength of upstream production. Said chairman Wang Zongnan large bright, the future leader in the East and the United Kingdom will be integrated Mao. This will change China's sugar production and marketing pattern of separation, and network of resources, upstream and downstream, industrial and commercial docking, is the largest sugar assets in recent years, industrial cooperation projects. Ge Junjie, vice president of a large bright said completion of the transaction, the big bright deep plowing will continue in the Southwest market, and increase the logistics force, while the British Mao sugar together sugar market in China continues to increase M & A efforts. The e-commerce company in China offers quality products such as Roller Cabinet , China Roller Cabinet, and more. For more , please visit Tool Chest today!
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