USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

Milk formula producer set for privatization

By Huang Ying | chinadaily.com.cn | Updated: 2013-06-28 16:48

Feihe International Inc, a leading producer and distributor of milk powder and dairy products, will go private after July 1 allowing it to leave the New York Stock Exchange, according to the Securities Daily newspaper.

The privatization has been approved by a majority of the company's shareholders, and formalities will be completed shortly.

The company said that the privatization is good for its development strategy, but didn't mention that it's because that the shares are undervalued in the US.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US