# Ausnutria to acquire remaining 15% stake in Hyproca Bio-Tech for HKD 896 million

Ausnutria Dairy Corporation Ltd has agreed to acquire the remaining 15% stake in Hyproca Bio-Tech (Hong Kong) from its sellers for HKD 896 million, to be paid via issuance of 70 million shares. The target companies will become wholly-owned subsidiaries.

- Type: Acquisition
- Announced: 2020-04-09
- Where: China
- Value: $115.0M (896.0M HKD)
- Status: announced
- Products: infant formula milk powder, nutrition products
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Ausnutria Dairy Corporation](https://endata.com/companies/46434.md) (acquirer)
- [Hyproca Bio-Tech (Hong Kong)](https://endata.com/companies/46435.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/292196.html), 2020-04-09: "海普诺凯生物科技买方已有条件同意收购海普诺凯生物科技出售股份(相当于海普诺凯生物科技(香港)全部已发行股份15.0%)，海普诺凯生物科技代价为8.96亿港元"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.