China Modern Dairy block trade raises $110m

Founding shareholders sell a 5.2% stake after the share price jumps 80% in three months, and investors are keen to buy.
China Mengniu Dairy bought a 26.9% stake in China Modern Dairy in May this year.
China Mengniu Dairy bought a 26.9% stake in China Modern Dairy in May this year.
October 30, 2013

A group of existing shareholders has raised HK$855.4 million ($110 million) from the sale of a 5.2% stake in Hong Kong-listed China Modern Dairy, taking advantage of the strong run-up in the share price in the past three months.

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