Bright Dairy: XinLeite sells assets in the North Island of New Zealand to Abbott in New Zealand for $170 million USD.
Bright Dairy announced that its subsidiary Xinlai intends to sell its assets in the North Island of New Zealand to Abbott's subsidiary in New Zealand for $170 million, with the expected delivery date of April 1, 2026. This transaction is expected to increase Xinlai's net profit for the 2026 fiscal year by approximately NZ$10-15 million.
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