Bright Dairy's subsidiary New Lite plans to sell its North Island assets in New Zealand for USD 170 million
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Bright Dairy's subsidiary New Lite plans to sell its North Island assets to Abbott Laboratories in New Zealand for USD 170 million, with the transaction expected to be completed by April 2026, increasing net profit by approximately NZD 10 million to 15 million. The assets include the Pokeno factory and related equipment, and the sale will provide New Lite with sufficient cash flow to repay its debts
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