Hopu to invest in China's Mengniu Dairy
This is a discussion on Hopu to invest in China's Mengniu Dairy within the China News forum, part of the Doing Business in China category; China Mengniu Dairy, one of the mainland company caught up in last year's toxic milk scandal, is set to unveil ...
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Jul 6th, 2009, 05:20 AM
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Hopu to invest in China's Mengniu Dairy
China Mengniu Dairy, one of the mainland company caught up in last year's toxic milk scandal, is set to unveil a $800m investment that is expected to transform its management and operations.
According to a person familiar with the matter, Hopu Investment Management – a mainland Chinese fund backed by Temasek, Singapore’s state investment agency, and Goldman Sachs – has teamed up with a Chinese state-owned company to form a consortium to invest in the dairy producer. More... |
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