Blue Sky Meats strengthens Chinese ties after exporter pays premium for 11 percent of company

Tue, 08 Apr 2014

By Suze Metherell April 7 (BusinessDesk) – Blue Sky Meats has strengthened ties with China, its largest market by volume and value, after two Auckland-based businessmen paid a premium for 11 percent of the unprofitable meat processor. Cook Huang and Qiang Zheng acquired the Blue Sky holding from Danish casings company DAT-Schaub Group for $2.33 million, or $1.80 a share in an off market share transfer, according to a Blue Sky statement to the Unlisted platform. Their investment vehicle, Blue Star Corp, is now the third-largest shareholder of...

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