GC
China Modern Dairy pockets HK$1.56bn from share sale
China Modern Dairy Holdings has raised HK$1.56bn ($201.2m) after selling a block of new shares to fund growth and M&A.
The company is the largest dairy farm operator and fresh raw milk producer in China, but it is looking to grow further with plans to expand its herds and invest in infrastructure development, while making potential strategic investments and acquisitions.
To that end, joint placing managers CICC and ...Already a subscriber? Login
