The share price of China Mengniu Dairy Co<2319>, the nation's biggest dairy maker, fell 7.14% to close at HK$17.94 on Wednesday, and the turnover shrank to HK$429 million from HK$831 on Tuesday, the Shanghai Securities News reported. However, many investors still hold a positive view of the future share...
By Cong Mu State-owned COFCO and private equity fund Hopu Investment Management will jointly purchase a 20 percent stake in China Mengniu Dairy for HK$6.1 billion ($787 million), the biggest deal in China鈥檚 food industry so far, COFCO announced yesterday. COFCO, a leading food manufacturer in ...
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....
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...
China Mengniu Dairy Co Ltd<2319> and Inner Mongolia Yili Industrial Group Co Ltd<600887>, the flagship enterprises in China's dairy industry, will probably receive interest subsidies worth RMB 56.13 million from the Chinese government, benefiting from the central government's new policy on loan interest reduction,...
The additive OMP, or osteoblast milk protein, in one of Mengniu Dairy's premium products is "not harmful to human health," according to an online statement posted by the China's Ministry of Health (MOH) ...
CHINA Mengniu Dairy Co, the country's largest producer of liquid milk, rose the most in four months in Hong Kong trading yesterday after some of its products were cleared of melamine contamination in ...
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...
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. ...