Latest Tokyo Brief coverage on Meiji Holdings Co., Ltd., tracking filings, financial news, and market signals from Japan.
TSE:2269
Meiji Holdings' new Shanghai dairy-sales subsidiary, capitalized above 650 million yuan and wholly owned indirectly, crossed the size threshold that forces disclosure under Japan's securities law.
Meiji Holdings is selling its loss-making China milk, yogurt and B2B business to a dairy group it partly owns for about ¥7.6bn, while holding onto yogurt intellectual property and its Guangzhou plant, which switches to making cacao products.