DRex to Acquire Huangbu Milk

On 27 April, Henan DRex Food Co., Ltd. (DRex, NEEQ: 833627) announced it is to acquire 100% of Puyang Huangbu Milk Co., Ltd. (Huangbu Milk) for USD2.6 million (RMB16.7 million), mainly funded by a USD2.3 million (RMB15 million), the balance made up ...

Dairy Products China News 201605

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