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China Modern Dairy And China Mengniu Dairy Clarify Acquisition Rumors

|Includes:China Mengniu Dairy Co., Ltd. (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.