Mengniu unlocks share value through EB

By issuing an exchangeable bond into China Modern Dairy, the dairy maker can potentially offload unwanted shares accumulated through a mandatory offer earlier this year.
May 19, 2017

China Mengniu Dairy provided some relief for equity-linked investors on Thursday by selling $194.8 million worth of bonds exchangeable into shares of Hong Kong-listed China Modern Dairy, bringing just the fourth equity-linked deal in Asia ex-Japan this year.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media