Apiam acquires leading animal business

Company News

by Lee Brooks


Apiam Animal Health Limited (ASX:AHX) says it has completed its acquisition of All Stock NSW for $1.75 million.

All Stock is one of Australia’s leading goat and sheep genetics and reproduction companys with export accredited facilities and a successful online animal identification business.

Apiam paid All Stock share holders $1.196 dollars per share with the balance of the acquisition paid in cash.

Apiam reported a net profit of $93,000 to the end of June 2016.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.