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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

The focus for Mengniu and Yili is to build an upstream supply on foreign grass: they have both made bids for Australia's biggest dairy producer, Murray Goulburn, for A$1 billion.


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...

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