The SPAs were entered into with Plutus Taurus Technology HK, a subsidiary of Genki Forest Technology Group Holdings and Honest Dairy Group.
Japfa, on Aug 30, has entered into two separate sale and purchase agreements (SPAs) to dispose of a 7.5% stake in its subsidiary AustAsia Investment Holdings for a total consideration of US$87.6 million ($117.9 million).
AustAsia operates dairy farms producing raw milk and cattle feedlots producing beef in China.
