Life-Space acquired for 2 mln

Updated 2018-02-02 14:13:00

China-based dietary supplements company BY-Health announced on Wednesday it agreed to take over Australian probiotics maker Life-Space Group for A0 million (1.88 million).

According to a filing to the Shenzhen Stock Exchange, the deal still needs approval from the Australian Foreign Investment Review Board.

Founded in 1993, Life-Space is a Melbourne-based probiotics producer. Its products entered the Chinese market in 2014 via cross-border e-commerce.

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