Amcor has purchased Vision Grande's two tobacco packaging operations
Amcor’s purchase of two China tobacco packaging operations from Vision Grande was confirmed on Friday. The businesses were bought with consideration of 121.1 million Vision Grande shares with assumed share price of HK$4.20 per share;
Part of the agreement was the allotment and issue of 16.67 million new Vision Grande shares at HK$4.20 per share to Amcor, and a further allotment of 96 million shares at
HK$2.50 per share to Amcor.
Following completion, Amcor will own approximately 44 per cent of the issued capital of Vision Grande.
