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Home > Hong Kong > Mengniu shareholders cash in $165 million
 Equity News |  China, Hong Kong  
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Mengniu shareholders cash in $165 million

The deal marks the fourth sell-down by the same two investors since the IPO and the first Hong Kong placement above $100 million since mid-June.

China Mengniu Diary’s share price fell 3.4% yesterday after its two largest shareholders sold HK$1.28 billion ($165 million) worth of shares through a placement, their fourth such sell-down since the company went public in 2004. However, the stock finished 20 HK cents above the placement price, whic.... » To continue reading this article, please login below.

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