New Zealand-based Pure Nutrition, majority-owned by Hong Kong-listed infant-formula supplier Ausnutria, has struck a deal to manufacture own-label A2 milk powder formula for China-focused retailer AuMake International.
A fund backed by Chinese state-backed investment company CITIC Group Corp. is to acquire a 25% stake in Hong Kong-listed infant-formula supplier Ausnutria.
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Ausnutria Dairy, the Hong Kong-listed infant formula maker, has booked higher nine-month revenue and profits, with sales of both its cow's milk and goat milk formula growing.
Hong Kong-listed infant formula business Ausnutria has formed a joint venture with New Zealand dairy cooperative Westland Milk Products that will see the two companies manufacture dairy-based powder products.
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