• Wed
  • Nov 26, 2014
  • Updated: 10:06am


Mengniu Dairy to pay HK$3b for 27pc Modern Dairy stake

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 hold of its raw milk supply.

Thursday, 9 May, 2013, 5:19am

Mengniu confident despite tainted milk scare

China Mengniu Dairy said news of its milk products containing unsafe levels of a cancer-causing substance had affected sales in January, but it was confident it would meet this year's sales target.

The mainland's largest dairy reported net profit last year jumped 28.4 per cent to 1.59 billion yuan (HK$1.96 billion), and revenue grew 23.5 per cent to 37.4 billion yuan.

28 Mar 2012 - 12:00am

Cofco raises stake in Mengniu and offers help

State-owned food conglomerate Cofco is playing a more active role in China Mengniu Dairy, and has raised its stake after an excessive amount of a carcinogenic substance was found in its dairy products last month.

7 Jan 2012 - 12:00am

Market calls

China Mengniu Dairy (2319), China's biggest milk seller, dropped 24 per cent on Wednesday after the company revealed that its milk contained flavacin M1, a toxin known to cause severe liver damage, even cancer. The news pressed the hot-button issue of food safety on the mainland for a sensitive consumable: milk.

2 Jan 2012 - 12:00am

China Mengniu's shares fall 24pc

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.

One of 25 batches of UHT milk from Mengniu's Meishan plant was found with 140 per cent of the permitted level of aflatoxin M1.

29 Dec 2011 - 12:00am

Dairy giant's milk tests positive for cancer toxin

Excessive levels of a cancer-causing toxin were found in milk produced in Sichuan in October by dairy giant Mengniu, the mainland's product quality watchdog said at the weekend.

27 Dec 2011 - 12:00am

Mengniu mulls bid for Pfizer milk unit

China Mengniu Dairy is considering a bid for Pfizer's infant nutrition business, which is about twice the size of the mainland's biggest dairy firm.

The Financial Times reported on Sunday that the dairy company was in talks with the bank UBS to bid for the American health-care giant's US$10 billion nutrition unit, the owner of popular infant formula brand Wyeth.

25 Oct 2011 - 12:00am

Mengniu splashes out to improve milk quality

Mainland dairy giant Mengniu, which boasted a 27.6 per cent gain in net profit in the first six months of 2011, has pledged 700 million yuan (HK$854 million) to ensure the quality of its milk supply.

31 Aug 2011 - 12:00am

Mengniu joins rush to market for funds

Milk producer and top executives sell shares to raise HK$2.7b

China Mengniu Dairy, the country's largest liquid milk producer, yesterday joined a series of mainland companies that have raised money from big share sales over the past two months.

Market watchers said many more were expected to join the rush to raise fresh capital amid the recent stock-market highs.

14 Apr 2007 - 12:00am

Mengniu buys out unit in expansion

China Mengniu Dairy, the country's biggest producer of liquid milk, is buying the remaining 48 per cent stake it does not own in a Wuhan venture for 134.4 million yuan to expand in central China.

Mengniu wanted to buy the stake in Mengniu (Wuhan) from its indirect subsidiary, Wuhan Frealth Dairy, Hong Kong-listed Mengniu said.

6 Apr 2007 - 12:00am

Mengniu investors seek HK$1.4b from share sale

Shareholders of China Mengniu Dairy, the mainland's largest milk producer, are raising as much as HK$1.4 billion from the sale of 65 million existing shares, market sources said.

The shares were marketed at an indicative range of HK$20.60 to HK$21.50 each, representing a 4 to 8 per cent discount to the stock's HK$22.40 close yesterday.

6 Feb 2007 - 12:00am

Mengniu in 1.6b yuan venture with Danone

Milk producer to sell yogurt products with French dairy giant

China Mengniu Dairy, the mainland's largest milk producer, is forming joint ventures with Paris-based Groupe Danone, the world's biggest yogurt maker, to sell yogurt products in China.

Total investment for the three ventures would be about 1.6 billion yuan, Mengniu said yesterday.

19 Dec 2006 - 12:00am

Mengniu milks the fat of the land amid dairy revolution

An enormous modern glass and concrete palace complete with fountains and a well-appointed guest house rises out of the arid plains less than an hour's drive from Hohhot, the provincial capital of Inner Mongolia. This is the house that milk built. Or more exactly, the house that China Mengniu Dairy's Hong Kong initial public offering proceeds paid for.

5 Sep 2005 - 12:00am

Mengniu Dairy prices share sale at low end

China Mengniu Dairy has priced its share placement at $4.95 per share, at the low end of the range, to raise $1.56 billion, according to a market source.

On Monday, three major shareholders as well as some of the management of China's largest milk producer offered 315.57 million shares to investors at between $4.95 and $5.05 each, the source said.

15 Jun 2005 - 12:00am

Mengniu offer may raise $1.5b

China Mengniu Dairy shareholders yesterday offered 315 million Mengniu shares at $4.95 to $5.05 each, representing a discount of 1.94 per cent to 3.88 per cent to yesterday's closing price of $5.15, market sources said.

14 Jun 2005 - 12:00am