date:Aug 15, 2012
Earlier today, Bloomberg reported that COFCO Corp and KKR the largest shareholders of Mengniu and China Modern Dairy respectively had conducted talks regarding the potential acquisition of China Modern Dairy Holdings by Mengniu.
State-owned COFCO, which is Chinas biggest food and beverage manufacturer, holds a 20% interest in Mengniu. While New York-based KKR owns 24% of China Modern Dairy.
Hong Kong-based China Modern Dairy has moved to quash the rumours - posting an announcement on the Hon