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China Mengniu Dairy Posts FY Profit Attributable Rmb3,525.0 Million
China Mengniu Dairy Says Danone Considering Divesting Its Stake In Co
China Mengniu Dairy Announces Strategic Collaboration Agreement With COFCO Trust Co
China Mengniu Dairy Company Limited is an investment holding company principally engaged in the manufacture and distribution of quality dairy products in China. The products include liquid milk products (such as milk beverages and yogurt), ice cream, milk formula and other products (such as cheese). The Company's subsidiaries include Mengniu (China) Investment Company Limited, China Mengniu International Co., Ltd. and Plant Base Limited. Through its subsidiaries, the Company is also engaged in the manufacture and sale of plant-based beverages.
Suites 801-2, 8th Floor, Top Glory Tower
262 Gloucester Road,Causeway Bay
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Independent Non-Executive Vice Chairman of the Board
Chief Financial Officer, Vice President
Vice President of Human Resources
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Shares in Danone rose 1.9% on Monday after the French food group said it was taking a first step toward selling its stake in its Chinese dairy partner Mengniu Dairy Company Limited, and would use the gains to buy back its own shares.
Danone said on Sunday it was taking a first step towards selling off its stake in its Chinese dairy partner as the French food group faces pressure from shareholders to improve its performance and governance.
Japan's Kirin Holdings Co has decided to sell its Australian dairy firm Lion-Dairy and Drinks Pty Ltd to Bega Cheese Ltd for more than 40 billion yen ($385 million), the Nikkei business daily reported on Saturday.
Kirin Holdings Co and China Mengniu Dairy Co said on Tuesday they have given up on the sale of the Japanese company's wholly owned Australian dairy firm Lion-Dairy and Drinks Pty Ltd to the Chinese company.
Australia's government may block China Mengniu Dairy Co Ltd's <2319.HK> purchase of some of the country's best-known milk brands, the Australian Financial Review reported on Thursday, citing unidentified sources who blamed "diplomatic issues".
Australia will not approve China Mengniu Dairy Co's proposed buyout of some of Australia's best-known milk brands from Japan's Kirin Holdings Co Ltd, the Australian Financial Review reported on Thursday.
* EXPECTS COVID-19 OUTBREAK MAY ADVERSELY IMPACT GROUP'S SALES & FINANCIAL PERFORMANCE FOR FIRST HALF OF 2020
* ACCC SAYS WILL NOT OPPOSE PROPOSED ACQUISITION OF LION DAIRY & DRINKS BY CHINA MENGNIU DAIRY COMPANY Source text http://bit.ly/38M4anh Further company coverage:
China Mengniu Dairy Co Ltd <2319.HK> plans to buy the owner of some of Australia's best known milk brands from Japan's Kirin Holdings Co Ltd <2503.T> for A$600 million ($407 million), its second Down Under dairy buyout in two months.
China Mengniu Dairy Co Ltd on Monday said its unit has entered into an agreement to buy Australia-based dairy and beverages firm Lion-Dairy & Drinks Pty Ltd for A$600 million ($407 million).
The following bids, mergers, acquisitions and disposals were reported by 2200 GMT on Thursday:
Australia has conditionally approved China Mengniu Dairy Co's A$1.43 billion ($980.27 million) takeover of infant formula maker Bellamy's Australia Ltd, the country's Treasurer Josh Frydenberg said on Friday.
China Mengniu Dairy Co <2319.HK> unveiled a plan to buy infant formula maker Bellamy's Australia Ltd <BAL.AX> for A$1.43 billion ($983 million), a lifeline for a target beset by regulatory problems that sent its shares soaring.
Bellamy's Australia Ltd on Monday said China Mengniu Dairy Company Ltd will buy the formula maker for A$1.43 billion ($982.98 million).
China Mengniu Dairy Co Ltd <2319.HK> said late on Monday it would sell its 51% stake in dairy products making unit Shijiazhuang Junlebao Dairy Co Ltd for 4.01 billion yuan ($585.51 million) cash to strengthen its financial position.
China Mengniu Dairy and Coca-Cola have signed a multi-year global Olympic deal as joint beverages and dairy sponsors starting from 2021 until 2032, the International Olympic Committee (IOC) said on Monday.
CHINA MENGNIU DAIRY, COCA-COLA SIGN JOINT GLOBAL OLYMPIC SPONSOR DEAL FROM 2021 TO 2032 - IOC
China Mengniu Dairy Co Ltd's 2018 net profit jumped 49 percent, boosted by stronger sales on an improved product mix and stable raw milk prices.
China Mengniu Dairy Co Ltd late on Wednesday said its first-half net profit jumped 38.6 percent, boosted by reduced costs and stronger sales due to higher-quality products.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.