Vitaco, under offer from Chinese group, says it may need more capital to lift Auckland capacity

Thu, 04 Aug 2016

By Paul McBeth Aug. 5 (BusinessDesk) - Vitaco Health Group will need more capital if it goes ahead with plans to expand its Auckland manufacturing and warehousing, which it says shareholders should be aware of in contemplating a A$313.7 million takeover bid from a Chinese-led consortium. The ASX-listed food supplements maker has entered into a scheme of arrangement with drugmaker Shanghai Pharmaceuticals and private equity firm Primavera Capital which would see the buyers pay A$2.25 a share, including any final dividend declared when it...

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