IN BRIEF (Page 14)

Bright in acquisition talks

Bright Dairy & Food Co, China's third-biggest milk producer, is in talks to buy smaller dairy companies, a Shanghai newspaper reported, citing its President Guo Benheng. The acquisition would help boost Bright Dairy's sales, the newspaper said yesterday without identifying any takeover targets.

The dairy company expects sales of 8.2 billion yuan this year and a profit of 162 million yuan, according to the report. The newspaper didn't say whether the forecast was for pretax profit or net income.