Yili has issued 9 billion yuan of shares to acquire several investments, including a 37 per cent controlling stake in China Shengmu Organic Milk. Photo: SCMP

Yili buys China’s largest organic milk producer, issues poison pill to deter insurer’s hostile takeover

Yili will issue 9 billion yuan of shares to buy control of Hong Kong-traded China Shengmu Organic Milk, as well as dilute Sunshine Insurance’s stake

Topic |   Yili Group

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Yili has issued 9 billion yuan of shares to acquire several investments, including a 37 per cent controlling stake in China Shengmu Organic Milk. Photo: SCMP
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