Mengniu to Acquire 51% of Shengmu High-tech

Summary: In late December, Mengniu signed a deal to acquire 51% of China Shengmu's wholly-owned dairy subsidiary Shengmu High-tech for USD43.7 million (RMB303.4 million).On 24 December, China Shengmu Organic Milk Limited. (China Shengmu, Stock Code: ...

Dairy Products China News 201901

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