Sep 10, 2021 07:46 PM (GMT+8) · EqualOcean
On September 10, when Chunhua Capital Group acquired Lijie's infant formula and children's nutrition business in Greater China, the transaction was completed, and Zhu Dingping was appointed the new president of Mead Johnson China business group. On June 6, Li Jieshi group announced that it would sell the infant formula and nutrition business in the Chinese market to Chunhua capital at the cost of US $2.2 billion. After the completion of the transaction, Li Jie will still retain 8% of the shares of the business.