Mar 18th 2019 /
Westland Milk Products Signs Conditional Agreement For Sale of Co-operative
The Board of Westland Co-operative Dairy Company Limited has signed a conditional scheme implementation agreement to sell the West Coast dairy co-operative to Hongkong Jingang Trade Holding Co., Limited (“Jingang”), a wholly owned subsidiary of Inner Mongolia Yili Industrial Group (“Yili”) for $3.41 per share, representing an enterprise valuation of $588 million1.