The acquisition of milk international group

/kloc-During the 1970s, the milk company was controlled by Sir Zhou Xinian, an influential Chinese. The milk company's ice factories in Pokfulam Ranch (now Zhifu Garden) and Causeway Bay and Kwun Tong occupy a large area, which attracted the consortium to try to buy them. 1At the end of 972, Hong Kong Land, a subsidiary of Jardine Matheson Group in the United Kingdom, proposed to acquire the equity of the milk company, and Zhou Xinian refused to accept the acquisition. Later, Rand Company and Zhou Xinian competed for the control of the milk company, which was the so-called "Rand Company Drinking Milk" incident: Rand Company dispatched a large amount of cash and issued a large number of shares, and both sides put an advertisement in the newspaper, which became the focus of the market for a while. In the early days, the milk company claimed not to accept the acquisition and not to develop real estate on the grounds of maintaining its ancestral business. However, it later changed its position, sought the help of Wang Dehui Huamao Real Estate, and put forward a plan to jointly develop real estate, hoping to get the support of shareholders.

In the later period, Land proposed a stock exchange scheme of 65,438+0 shares and 5 shares. In addition, land was already the largest real estate company in Hong Kong at that time, and the cooperation scheme between Chinachem and dairy company was less attractive, attracting shareholders to give their shares to the land exchange. 1972, 15 In February, Land announced the acquisition of 90% of the shares of the milk company. Therefore, according to Article 168 of the Company Law of Hong Kong, Land made a compulsory acquisition from other minority shareholders on April 8, 1973, and finally successfully acquired the milk company in an all-round way, and its listing status was cancelled. The acquisition incident led to a sharp rise in the share prices of land and milk companies, and also became the trigger point for the 1973 Hong Kong stock market crash. In the 1980s and 1990s, Jardine Matheson and Land were attacked by six Chinese businessmen, laying the groundwork.

1986, the milk company was spun off from Hong Kong real estate and listed in Hong Kong with the listing number of 0353 in the 1990s. 1994, Jardine Matheson, such as Dairy Company, moved its listing in Hong Kong to London and Singapore. The company is registered in Bermuda.

In September, 1997, 49% of Nestle Milk Company was sold to Nestle Company for US$ 40 million, thus withdrawing from the manufacture of ice cream and frozen products.

1997 10 10 month 17, selling the supermarket chain Simago in Spain.

1998 February 17 Acquisition of Indonesian PT Hero Supermarket Tbk

1On March 25th, 998, it sold the equity of Sommerfield supermarket chain 1 1%.

On February 5th, 20001year, CITIC Pacific acquired Shenchang Co., Ltd. from Milk International for HK$ 450 million (mainly net asset value, including inventory and accounts receivable). Shen Chang is engaged in the wholesale, distribution and promotion of food, beverages and household goods in Hongkong, Chinese mainland and Macau.

On June 12, 2002, Milk International sold its supermarket business Woolworths New Zealand to Australia Food United Limited, with a total cost of NZ $690 million (US$ 337 million). After the transaction is completed, milk will earn more than 200 million dollars in net income.

/10 2002 On June 30th, 2002, Milk International acquired the furniture business of IKEA in Taiwan Province Province and Hongkong from Jardine Pacific Holdings for US$ 27 million (about HK$ 2 10/00000).

In 2003, 165438+ 10, 15, Milk International acquired all the shares of Shoudehui Supermarket, the third largest supermarket in Singapore, for 1 100 million yuan. Shoudehui runs 35 local supermarkets.