Temasek, Hopu buy stake in Chinese dairy maker - Reuters
Singapore state investor Temasek Holdings and China-focused private equity firm Hopu were among five investors buying a $213 million stake in Yashili International Holdings Ltd, after parent China Mengniu Dairy Co Ltd sold down shares to meet Hong Kong listing requirements, writes Reuters. Temasek, through one of its Mauritius subsidiaries, Hopu and three individual investors agreed to buy 471.13 million shares of Yashili from Mengniu for HK$3.50 each, putting the total deal at HK$1.65 billion ($213 million), writes Reuters.
11 November 2013•1 min read
