日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Mengniu hikes stake in Modern Dairy

By Chai Hua in Shenzhen | China Daily | Updated: 2017-01-06 11:22

China Modern Dairy Holdings Ltd saw its shares surge almost 10 percent on Thursday, after China Mengniu Dairy Co Ltd announced an offer to buy it out in order to guarantee its stable supply of raw milk.

Hong Kong-listed China Mengniu on Thursday offered to buy 965.47 million shares in Modern Dairy at HK$1.94 apiece (25 cents), thus raising its stake in the latter from current 25.4 percent to 39.9 percent. The total value of the transaction was HK$1.87 billion.

Because the percentage surpassed 30 percent, the dairy giant will have to make an offer to buy out the remaining shares, according to Hong Kong's corporate rules.

On the heels of the news, Modern Dairy shares rallied by 9.39 percent to HK$1.98 during intraday trading and closed at HK$1.91.

China Mengniu stock, meanwhile, fell more than 2 percent, while the benchmark Hang Seng Index rose about 1.4 percent.

Carrie Chan Tsz Man, an analyst at KGI Asia Ltd in Hong Kong, said one concern was that Modern Dairy suffered a loss last year. But the deal was good news for both companies in the long term.

She added that the price of raw milk has been increasing, so it is necessary for downstream dairy companies to secure their supplies of raw milk.

Owning about 230,000 cows in China, Modern Dairy is one of the country's largest dairy farming firms and raw milk producers. In 2008, China Mengniu signed a 10-year raw milk supply off-take agreement with it.

But the proportion of its supply to Mengniu has sharply decreased recently, noted Hannah Li Wai-han, a strategist at UOB Kay Hian Hong Kong.

She added that the percentage used to be above 90 percent but was now only about 70 percent.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产一区二 | av在线网站观看 | 欧美aaaa视频 | 国产日韩精品一区 | 欧美午夜免费观看福利片 | 91香蕉视频在线看 | 久久av影院 | 午夜影视免费片在线观看 | www.午夜剧场 | 国产成人福利在线视老湿机 | 欧美一区二区三区成人 | 性69式视频在线观看免费 | 九九热在线免费视频 | 欧美成人h版在线观看 | 999毛片免费观看 | 亚洲品质自拍视频网站 | 看全色黄大色黄大片色黄看的 | 中国在线播放精品区 | 九色国产在线 | 天天操夜夜爽 | 欧美在线资源 | 日本AAAA片毛片免费观 | 欧美白人黑人xxxx猛交 | 午夜视频在线 | 亚洲综合图片人成综合网 | 青青免费视频精品一区二区 | 无码乱人伦一区二区亚洲 | 精品三级国产精品经典三 | 国内精品视频免费观看 | 一区二区三区在线电影 | 日本免费a视频 | 成人免费毛片片v | 亚洲伊人色一综合网 | 欧美一区二区三区视频 | 亚洲美女黄色 | 日本一区二区三区久久久 | 国产色婷婷亚洲99精品小说 | 骚av在线 | 色综合久久婷婷天天 | 欧美成人手机视频 | 亚洲欧美日韩综合在线 |