New Hope Dairy has acquired the 41% of shares it does not already hold in Anhui Purity Dairy Co.
New Hope Dairy, a unit of Chinese real estate to chemicals conglomerate New Hope Group, paid CNY26.51m for the remaining Anhui shares, the company said in a regulatory filing.
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New Hope Dairy operates 11 dairy farms and 10 dairies, with more than 100,000 heads of milk cows. According to the company, it is the largest dairy enterprise in south-west China.