Mengniu Dairy to sell 10% stake
China Daily | Updated: 2009-07-07 07:55
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Mengniu milk products at a supermarket in Beijing. Company sales fell 20 percent during the first five months of this year. CFP |
China Mengniu Dairy said yesterday that it would raise HK$3.058 billion from a share sale to China National Oils, Foodstuffs and Cereals Corp (COFCO) and Hopu Investment Management.
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