Youran Ranch plans to raise HK $2.35 billion through the issuance of shares.

According to an announcement on the Hong Kong Stock Exchange, China Youran Dairy Group Limited will raise approximately HK$2.35 billion by selling shares to Bo Source Investments Holdings Limited, a wholly-owned subsidiary of Inner Mongolia Yili Industrial Group Co., Ltd. Youran Dairy has agreed to sell approximately 299 million shares to Bo Source at a price of HK$3.92 per share in a preemptive right offering. The offer price represents a discount of 8.84% from Youran Dairy's recent closing price. The shares being issued to Bo Source represent approximately 7.14% of the enlarged issued share capital. Youran Dairy has also agreed, under a subscription agreement, to issue around 299 million new shares to Bo Source at HK$3.92 per share. The proceeds will be used for advancing technology enablement and digital transformation to improve operational efficiency; repaying interest-bearing debts, optimizing capital structure, and supplementing working capital.