SUBSCRIBERS

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

Tue, Oct 17, 2017 - 5:50 AM

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.

PHOTO: BLOOMBERG

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...

To continue reading

for full content

if you are a subscriber

Get our introductory offer at only

$0 .99*/month

Cancel anytime

*$0.99/month for first 3 months

$29.90/month for the next 9 months

Need help?

CALL +65 6388 3838 EMAIL btocs@sph.com.sg

OPERATING HOURS (+8 GMT) MON-FRI: 8:30AM-5:30PM

Register to read this article. Log in if you are already a subscriber. Register to read this article. Log in if you are already a subscriber. Please log in or subscribe to continue reading.