Shares in China Mengniu jumped more than 10 per cent yesterday after the company said it will introduce the French dairy-foods maker Danone as a strategic shareholder, with the two firms agreeing...
- Thu
- May 23, 2013
- Updated: 8:31pm
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China Mengniu Dairy
China Mengniu Dairy Co (HK stock code: 2319) makes dairy products and ice cream in China, and is based in Inner Mongolia. It was founded in 1999 by Niu Gensheng, a former employee of Yili, another Inner Mongolian dairy group. In May 2013, a Danone Group joint venture said it would become a strategic investor in China Mengniu Dairy, with a stake of about four per cent.
A Danone Group joint venture has agreed to take a stake worth about HK$3.6 billion in China Mengniu Dairy, marking a comeback for the French company in China where food scares have hit consumer...
China Mengniu Dairy, the country's largest manufacturer of liquid dairy products, plans to pay HK$3.18 billion to dramatically boost its stake in China Modern Dairy, in an attempt to get a tighter...
The Inner Mongolia-based company said in an analysts conference yesterday that its revenue had grown year on year since January this year. Gross profit margin is also expected to improve thanks to...
China Mengniu Dairy plans to undertake more quality-control measures, after sales were severely hit by quality-related scandals in the first half of the year.
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The discovery of an unsafe level of a cancer-causing substance in China Mengniu Dairy's milk products in Sichuan sent the stock plummeting 24 per cent yesterday.
Two shareholders of China Mengniu Dairy, the biggest producer of liquid milk on the mainland, are raising HK$1.22 billion in a share placement.
Net hits 485.1m yuan as firm focuses on high-end products
China Mengniu Dairy, the mainland's largest milk producer, boosted first-half profit 41.3 per cent and increased its share...
China Mengniu Dairy, the country's biggest liquid milk supplier, said first-quarter sales rose more than 20 per cent, although it was still facing falling prices and high raw material costs.
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