Yunfeng, CITIC PE seal $320m China dairy investment
Yunfeng Capital and CITIC Private Equity have agreed to invest at least RMB2 billion ($320.5 million) in an unlisted farming subsidiary of Chinese dairy producer Inner Mongolia Yili Industrial Group.
Yili, which trades on the Shanghai bourse, said in a regulatory filing that the two private equity investors would hold a 60% stake in Inner Mongolia Yili Livestock Development. It added that the bringing...
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