China's Binxi Cattle to mount $25.3 million takeover for Blue Sky Meats

Mon, 07 Nov 2016

By Sophie Boot Nov. 8 (BusinessDesk) - China-based Heilongjiang Binxi Cattle Industry Co intends to make a $25.3 million takeover offer for Blue Sky Meats, the Southland-based meat processor whose shares trade on the Unlisted platform. NZ Binxi (Oamaru) Foods, a subsidiary of the Chinese company, will offer $2.20 per share for up to 100 percent of the shares, Blue Sky said in a statement to Unlisted. The formal takeover offer has not yet been made but is due within 30 days of the notification of intention. "The board of Blue Sky commen...

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