Arla Foods Dairy Products Technical Service (Beijing) Co., LTD and Arla Foods amba entered into business transfer agreement to acquire Chinese Mainland business from Yashili International Holdings Ltd (SEHK:1230) and Yashili Dairy (Maanshan) Trading Limited on September 30, 2022. In related transactions, Arla Foods amba agreed to acquire Hong Kong business from Yashili International Holdings Ltd and Newou Hong Kong International Co., Ltd on September 30, 2022. The combine purchase price to be paid in the transaction is €15 million.