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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek-led group buys S$265mln stake in milk powder maker

Posted on 12 November 2013

A group of investors led by Singapore investment giant Temasek Holdings bought a HK$1.65 billion (S$265 million) stake in Yashili International, sending shares of the milk powder producer soaring yesterday after its parent sold down stock to meet Hong Kong listing requirements.
The deal took place as China Mengniu Dairy was forced to reduce its stake after it failed to buy enough shares of Yashili to force a delisting of the company………………………………………..Full Article: Source


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