Yili said it will continue to support the growth and development of the raw milk business of Shengmu. Photo: SCMP Pictures

China’s Yili scraps 4.6bn yuan milk deal after failure to get regulatory approval

Takeover offer made amid keen competition among mainland Chinese milk producers to capture more of the premium segment

Topic |   Mergers & Acquisitions

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Yili said it will continue to support the growth and development of the raw milk business of Shengmu. Photo: SCMP Pictures
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