China Mengniu Dairy Co Ltd (CIADY.PK)
Latest Key Developments (Source: Significant Developments)
China Mengniu Dairy Co Ltd <2319.HK>: Announcement of the interim results for the six months ended 30 June 2016 <2319.HK> . HY net profit RMB 1.08 billion versus RMB 1.34 billion a year ago . Dairy industry is facing severe challenges . HY revenue RMB27.26 billion versus RMB 25.56BLN . Directors do not recommend the payment of an interim dividend for the six months ended 30 June 2016 . Full Article
China Mengniu Dairy Co Ltd:Change of directors and chairman of the board; change of chairman of the nomination committee; and resignation of vice-chairman of the board.Says Ning Gaoning resigned as a non-executive director of the company and the chairman of the board.Ma Jianping was appointed as a non-executive director of the company and the chairman of the board.Says Yu Xubo resigned as the vice-chairman of the board with effect from 19 February 2016. Full Article
China Mengniu Dairy Co Ltd:Recommends payment of a final dividend of 0.28 yuan (2013: 0.2 yuan) per ordinary share for the year ended Dec. 31, 2014.Payable on or about June 24 to shareholders whose names appear on the register of members of the Company on June 11. Full Article
HONG KONG China Mengniu Dairy Co Ltd has offered to buy out China Modern Dairy Holdings Ltd for $826 million in a deal that will help it secure a stable supply of raw milk.