date:Jul 04, 2013
Chinese baby care products provider Biostime International Holdings Ltd., said Wednesday that it will provide 20 million euros in equity investment and financing to France's dairy producer Isigny Sainte Mre (ISM) to strengthen ISM's sufficient supply of high quality infant formula.
After the investment, Biostime will hold a 20 percent share in ISM and have the right to nominate a candidate to ISM's board of directors.
ISM will use the investment to build a new infant formula production and pac