Japfa’s dairy spin-off AustAsia looks to double its revenue over five years
Add BT as a preferred source
JAPFA’S China dairy unit AustAsia Group is looking to double its revenue in the next five years, said chief executive Edgar Collins.
Most of this growth will come from the dairy business, but AustAsia has recently also developed a beef business that Collins termed a “significant opportunity” as supply is unlikely to catch up with demand in China.
AustAsia recently completed its initial public offering (IPO) in Hong Kong, raising HK$99.3 million (S$17 million) in net proceeds primarily for the purchase of equipment and the construction of farm facilities, according to its prospectus.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
