Bright Dairy's NZ processor unit plans IPO
Source: Bloomberg News |
May 14, 2013, Tuesday
|
Print Edition
Print Edition
BRIGHT Dairy and Food Co, a Shanghai-based dairy company, said its unit Synlait Milk Ltd plans an initial public offering in New Zealand.
Bright Dairy said in July 2010 that it would pay NZ$82 million (US$68 million) for 51 percent of milk processor Synlait. Bright Dairy did not specify in yesterday's statement to the Shanghai Stock Exchange the amount Synlait was looking to raise in the IPO.
Chinese dairy firms have been seeking acquisitions to improve the quality of their supply chain amid safety concerns. Food-safety scandals in China ranging from toxic melamine in milk powder to kitchen waste reprocessed into cooking oil and rat meat being sold as mutton have driven consumers to buy products overseas.
Bright Dairy said in July 2010 that it would pay NZ$82 million (US$68 million) for 51 percent of milk processor Synlait. Bright Dairy did not specify in yesterday's statement to the Shanghai Stock Exchange the amount Synlait was looking to raise in the IPO.
Chinese dairy firms have been seeking acquisitions to improve the quality of their supply chain amid safety concerns. Food-safety scandals in China ranging from toxic melamine in milk powder to kitchen waste reprocessed into cooking oil and rat meat being sold as mutton have driven consumers to buy products overseas.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
