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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • China Modern Dairy And China Mengniu Dairy Clarify Acquisition Rumors 0 comments
    Apr 24, 2013 5:27 AM | about stocks: CIADF, CIADY

    Prepared by ChinaScope Financial | Source:Company Disclosure

    • On April 24, China Modern Dairy Holdings Ltd. (01117: HKG) (the company) made clarification on certain rumors in relation to a possible acquisition of the company by a third party, indicating that it has not received any approach from any party in relation to any proposed acquisition of the company.
    • On the same day, China Mengniu Dairy Co., Ltd. (Mengniu) (02319: HKG) also released a clarification announcement regarding recent market rumors that Mengniu may acquire a company listed on the Hong Kong Stock Exchange which is engaged in dairy farming business. Mengniu confirms that there have been informal talks with the alleged target company regarding a possible acquisition of certain assets. Mengniu reiterates that such talks are very preliminary and it has not made any decision regarding the alleged acquisition.
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