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ACCC Will Not Oppose Proposed Acquisition Of Lion Dairy & Drinks By China Mengniu Dairy
China Mengniu Dairy Announces Acquisition Of Lion-Dairy & Drinks Pty Ltd By Unit
Kirin To Sell Australian Unit Lion Dairy & Drinks To China Mengniu Dairy For About A$600 Mln
Kirin Holdings Company, Limited is a Japan-based company mainly engaged in the integrated beverage business and the pharmaceutical business. The Company operates in four business segments. The Domestic Beer and Spirits segment is engaged in the manufacture and sale of beer, low-malt beer, new genre products, wines and other liquor products in Japan. The Domestic Beverages segment is engaged in the manufacture and sale of soft drinks in Japan. The Oceania Integrated Beverages segment is engaged in the manufacture and sale of beer, wines, dairy products, juice drinks and other products in the Oceania region. The Pharmaceuticals segment is engaged in the manufacture and sale of pharmaceutical products. The Company is also engaged in the domestic wine business, the liquor business in Myanmar, the beverage business in North American, and the biochemical business.
Nakano Central Park South
President, Chief Executive Officer, President of Subsidiary, Representative Director
Executive Vice President
Vice President, Representative Director
Managing Executive Officer, Director
Managing Executive Officer, Director
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Japanese beverage maker Kirin Holdings Co Ltd confirmed on Tuesday that top Australian cheesemaker Bega Cheese Ltd was among the candidates it was talking to for the sale of its Lion Dairy business, but that no decision had been made.
Top Australian cheesemaker Bega Cheese Ltd is planning to buy the local dairy arm of Japan's Kirin Holdings Co Ltd, a person with knowledge of the situation told Reuters, potentially accelerating its transformation into a food giant.
Japan's Kirin Holdings Co has decided to sell its Australian dairy firm Lion-Dairy and Drinks Pty Ltd to Bega Cheese Ltd for more than 40 billion yen ($385 million), the Nikkei business daily reported on Saturday.
Japanese beverage group Kirin Holdings Co said it was halting payments from its beer ventures in Myanmar to local partner Myanmar Economic Holdings Public Company (MEHL), an entity linked to the country's military.
Kirin Holdings Co <2503.T> and China Mengniu Dairy Co <2319.HK> said on Tuesday they have given up on the sale of the Japanese company's wholly owned Australian dairy firm Lion-Dairy and Drinks Pty Ltd to the Chinese company.
Kirin Holdings Co and China Mengniu Dairy Co said on Tuesday they have given up on the sale of the Japanese company's wholly owned Australian dairy firm Lion-Dairy and Drinks Pty Ltd to the Chinese company.
Australia will not approve China Mengniu Dairy Co's proposed buyout of some of Australia's best-known milk brands from Japan's Kirin Holdings Co Ltd, the Australian Financial Review reported on Thursday.
India's B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive told Reuters on Tuesday.
Japan's Kirin Holdings cut its full-year profit outlook on Friday as the coronavirus pandemic hit global sales of its beer, but said its expansion into new businesses such as healthcare sheltered it from a bigger impact.
Japanese beverage maker Kirin Holding Co <2503.T> on Friday said it had ordered an outside investigation of two Myanmar beer ventures it operates with a company linked to senior figures in the country's military.
Shareholders of Kirin Holdings <2503.T> and Toshiba Machine <6104.T> backed their managements on Friday in two closely watched votes, but analysts said activist investors were beginning to gain ground in Japan.
A majority of Kirin Holdings investors on Friday rejected a shareholder's proposal that the beer maker withdraw investments in medical and cosmetics businesses and buy back shares instead.
* PROTALIX BIOTHERAPEUTICS - AGREED TO CONDUCT FEASIBILITY STUDY WITH KIRIN HOLDINGS TO EVALUATE PRODUCTION OF NOVEL COMPLEX PROTEIN UTILIZING PROCELLEX
Proxy advisory firm Glass Lewis said on Thursday it backed an activist shareholder's call for Japanese beermaker Kirin Holdings to create a more independent board, but advised against its call for a massive share buyback.
Proxy advisory firm Glass Lewis recommended investors in Japan's Kirin Holdings vote for new directors nominated by an activist shareholder but advised against the shareholder's call on the company to repurchase shares.
* Shareholders divided, some see case for diversifying (Adds comment from proposed board member)
Japan's Kirin Holdings on Tuesday stepped up its defences against an activist investor who has called on it to sell off non-beer assets, saying the company's investments in cosmetics and healthcare were crucial to its survival.
* Beer consumption in Japan has more than halved since the 1990s (Adds Independent Franchise Partners' comments)
Kirin will provide a litmus test of whether Japanese investors are thirstier for bigger changes at Japan Inc. A foreign shareholder in the $18 billion brewer is pushing for an aggressive strategic shakeup; management has made a few concessions. In a country where corporate...
Japan's Kirin Holdings Co Ltd on Wednesday reiterated its opposition to an activist shareholder's call that it divest assets outside its beer business, saying investments in areas such as healthcare were crucial.
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