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Aggregated China Business Blogs
Danone Becomes Second Largest Shareholder Of Mengniu
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China's Mengniu and France's Danone jointly announced in Hong Kong that the two parties have signed an agreement under which Mengniu will issue new shares to Danone. The newly issued shares will reportedly account for 6.6% of the total equity of Mengniu and the trading value is about HKD5.153 billion, which is about USD665 million. […]
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