Yu Xubo, CEO of China National Oils, Foodstuffs and Cereals Corp. (COFCO), replaced Niu Gensheng to become chairman of the Inner Mongolia subsidiary of Mengniu Dairy Company Limited. Mengniu recently completed its reshuffling of the board of directors after COFCO injected HK$6.1 billion in July. ...
Swiss investment bank UBS AG recently raised its shareholding in China Mengniu Diary Co Ltd<2319> to 6.07% from the previous 5.83%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.Information from the HKEx showed that UBS on Oct. 30 bought 4.06 million shares in the...
China Mengniu Dairy Co<2319>, the nation's biggest dairy products maker, announced today that its net profit increased 13.55% year on year to RMB 662 million in the first half of this year due to a gradual recovery in the firm's overall turnover, which was greatly affected by the milk scandal last year.Earnings per...
Swiss investment bank UBS AG has cut its shareholding in China Mengniu Dairy Co Ltd<2319> to 6.99% from the previous 7.37%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>. HKEx said that UBS on Jul. 2 sold around 5.88 million shares of Mengniu Dairy for HK$107...
Two Chinese entities China National Cereals, Oils & Foodstuffs Import and Export Corp (COFCO Group) and private equity (PE) fund Hopu Investment Management Co China will reportedly invest around US$780 million for a 20% stake in China Mengniu Dairy Co<2319>, the nation's biggest dairy product maker....
HONG KONG, July 6 - Chinese private equity fund Hopu Investment Management is expected to buy around 20 percent of China Mengniu Dairy, in a deal worth roughly $800 million, according to a source familiar...
Swiss investment bank UBS AG has cut its shareholding in China Mengniu Dairy Co Ltd<2319> to 8.89% from the previous 9.04%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.HKEx said that UBS sold 2.26 million shares in Mengniu Dairy for HK$33.64 million on May 18....
China Mengniu Dairy Co Ltd<2319> announced that its net loss hit RMB 948.6 million in 2008, an amount exceeding the amount of net profit it earned in 2007, sources reported. It is the first annual loss for Mengniu since its listing in the Hong Kong stock market in 2004.The annual report shows the company's...
* Private equity fund Hopu and COFCO seen investing in Mengniu - source * Mengniu shares suspended pending an announcement * Investment seen as bet on Mengniu's long-term prospects HONG KONG, July 6 - Two...
* Jan-May sales at 80 pct of usual level * Effects of melamine scandal on Mengniu finished - CEO * Sees stable pricing through year-end HONG KONG, June 10 - China Mengniu Dairy <2319.HK>, one...