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02319 MENGNIU DAIRY
RTNominal down15.980 -0.020 (-0.125%)
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29/07/2020 09:51

Mengniu (02319) becomes largest shareholder of Shengmu

[ET Net News Agency, 29 July 2020] China Shengmu Organic Milk Limited (01432) said on
27 July 2020, the company received the exercise notice from the subscriber A to exercise
all 1197.33 million warrants A to subscribe for 1197.33 million warrant shares at the
exercise price of HK$0.33 per warrant share. The company confirmed receipt in the sum of
HK$395.12 million, being the aggregate subscription price, on 28 July 2020.
Immediately after the completion, subscriber A will hold in aggregate 1467.19 million
shares, representing approximately 17.8% of the total number of issued shares and will
become the single largest shareholder of the company. Subscriber A is a wholly-owned
subsidiary of China Mengniu (02319). (RC)

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