UPDATE A2 to raise $20M to speed up UK, Chinese aspirations

Wed, 05 Dec 2012

(Update includes MD comments, flags UK, Chinese infant formula as spending priorities) Dec. 5 (BusinessDesk) - A2 Corp, which markets milk products with a protein variant claimed to have health benefits, plans to raise $20 million in a placement in a bid to accelerate growth in its UK joint venture and Chinese infant formula businesses. The capital raise coincides with its three major shareholders selling down their stakes to boost liquidity to allow a shift to the NZX main board. The placement to institutions and the selldown are both pric...

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