Yashili definition
Examples of Yashili in a sentence
Yashili New Zealand is an indirect wholly-owned subsidiary of the Company.
As Yashili New Zealand is an indirect wholly-owned subsidiary of the Company, the entering into of the Service Agreement constitutes continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
Yashili New Zealand is a company incorporated in New Zealand and an indirect wholly-owned subsidiary of the Company.
Mengniu, the Offeror and Yashili will publish such announcement as is necessary in accordance with the Listing Rules and the Takeovers Code.
As the Dumex China Disposal is an arrangement between Yashili Guangdong, a subsidiary of Yashili and an Offeror Concert Party, and Danone APAC, a fellow subsidiary of Danone Nutrition, which is in turn a Yashili Shareholder, and such arrangement is not also extended to all Yashili Shareholders, the Dumex China Disposal constitutes a special deal under Rule 25 of the Takeovers Code and requires the consent of the Executive.
As Yashili (Guangdong) is an indirect wholly-owned subsidiary of the Company, the entering into of the Processing Agreement constitutes continuing connected transactions of the Company under Chapter 14A of the Listing Rules.
For the avoidance of doubt, the Yashili Shares held by Mengniu International and the Yashili Shares to be acquired by Mengniu from Danone Nutrition through the 25% Yashili Acquisition will not form part of the Scheme Shares.
In this announcement, unless the context otherwise requires, the following expressions have the following meanings: “Company” Yashili International Holdings Ltd, a company listed on the Main Board of the Stock Exchange (stock code: 1230) “connected person” has the meaning ascribed to it under the Listing Rules “Danone” Danone SA, Danone Asia and other companies directly or indirectly controlled by Danone SA “Danone Asia” Danone Asia Baby Nutrition Pte.
These steps are envisaged to benefit the long-term development of the Mengniu Group (including but not limited to the Yashili Group) in general.
Based on the difference between total consideration for the Dumex China Disposal and the estimated Yashili’s carrying value of Dumex China as of December 31, 2021, the Dumex China Disposal is not expected to result in material gain or loss for Yashili (before taking into account any taxation and transaction costs).