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
Chinese food companies have been snapping up foreign producers of processed and raw foods, spurred on overseas by the relative lack of arable land and clean water at home and the demands of China’s vast and increasingly affluent population.
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