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China dairy giants downplay poisoning scandal in hunt for big deals

Yili Industrial and China Mengniu are milking their all-time high earnings to snag foreign acquisitions

Published Mon, Oct 16, 2017 · 09:50 PM
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Shanghai

A DECADE after Chinese dairy companies were roiled by a scandal that poisoned thousands of children, investors are seeing the biggest players as safe bets.

Inner Mongolia Yili Industrial Group Co and China Mengniu Dairy Co have soared to all-time highs as the companies hunt aggressively to build up their milk supply chains through foreign acquisition.

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