JIC Completes ANCB Equity Investment
On August 10, 2018, China Jianyin Investment Limited ("JIC") and its wholly-owned subsidiary, JIC Huawen Investment Limited ("JIC Huawen"), together with Tamar Alliance Partners, Fund I, L.P., completed the acquisition of a 75% stake in Australia Nature's Care Biotech ("ANCB").
Founded in 1990, ANCB is a leading vitamin, supplements, skin care and child care products manufacturer with its headquarters in Sydney, Australia. ANCB owns well known brands including "Healthy Care" and "Nature's Care". “Healthy Care” is in a leading position in terms of market share in Australia, with all its products developed and produced in its own factory in Sydney. ANCB is known for its industry leading technical capabilities and a high-quality and diversified range of products. The Australian government has implemented the same regulations for health and nutrition supplements as it does for medicine. These are much stricter than those in most countries and regions, thereby enhancing the safety of ANCB products.
JIC and JIC Huawen, together with the other shareholder, plan to continue to launch new products while maintaining high production standards to better meet the diversified demands of consumers. They will leverage their respective extensive resources and rich experience in China and Southeast Asia to fully promote ANCB's growth.
JIC has been steadily implementing the requirements of China's supply-side structural reform, focusing on the development opportunities brought about by the growth and upgrade in China's consumption, and promoting the reform of China's consumption industry. JIC’s optimism about consumer demand for high-quality health and nutrition supplements against the backdrop of China's consumption upgrade has led it to make this acquisition.
As Australia's leading manufacturer of dietary supplements, ANCB will provide JIC with sustained, stable and healthy financial returns, which is of great significance to JIC's consumer goods and services strategy. JIC will continue to provide high-quality consumer products to society by helping to build a consumer ecosystem, and help realize the goal of a "better life" with capital.