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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek and Hopu buy USD213 mln stake in Chinese dairy company

Posted on 11 November 2013

Singapore’s state investor Temasek Holdings and China’s private equity firm Hopu bought a USD213 million stake in Yashili International Holdings Ltd, together with three other investors. Yashili’s parent company China Mengniu Co Ltd sold some its shares to comply with the requirements of Hong Kong listing.
Temasek, Hopu, and the three other investors agreed to purchase 471.13 million of Yashili’s shares from the dairy company for HKD3.5 per share. The total deal was priced at HKD1.65 billion or USD213 million. This was according to a securities filing on Monday, said a report………………………………………..Full Article: Source


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