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
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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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