Shengmu Transfers 24% of Shares for USD431.8 million

On 28 January, China Shengmu Organic Milk Limited (Shengmu, stock code: 1432.HK) signed a share transfer agreement with Nong You Co., Ltd. (Nong You). It transferred 24% of its shares to Nong You for USD431.8 million (HKD3.4 billion, HKD/USD exchange...

Dairy Products China News 201602

www.cnchemicals.com