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.
Friends and family herd dairy producer's Hong Kong IPO over the finish line.
Chinese organic milk producer slashes Hong Kong offering in face of the milk sector's poor secondary market performance.
As China is pushing ahead with policies to regulate its dairy industry, analysts see opportunities for the large domestic players such as China Mengniu Dairy.
The investment consortium pays $782 million for its stake in China's largest dairy company.
The contaminated milk scandal may force China's food and beverage sector to clean up its act and could become a trigger for M&A activity.
Private equity investors take advantage of liquidity driven markets to offload a stake in Mengniu Dairy.