JSH Venture Holdings, a subsidiary of Jardine Strategic Holdings Limited (Jardine Strategic), announced on June 2nd that it has taken a stake in Greatview Aseptic Packaging (Greatview). Based on the filing submitted to the Hong Kong Stock Exchange, JSH Venture purchased 296,177,741 ordinary shares, which represents approximately 22.15% of the issued share capital of Greatview, at an average price of HKD 5.00 per share. The total consideration was approximately US$190m.
Greatview provides integrated packaging solutions of aseptic packaging materials, filling machines, spare parts and technical service to the liquid food industry. They are the second largest roll-fed supplier globally and the leading alternative supplier in the PRC. The company was founded in 2003 and listed on the Hong Kong Stock Exchange in 2010. You can find Greatview’s voluntary announcement relating to the transaction here.
Jardine Strategic is a publicly-listed holding company with principal interests in Jardine Matheson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra International. It also has a minority interest in Zhongsheng Group, a leading motor dealership group in China.