date:Jan 17, 2013
However, Frank Ning, Mengnius chair admitted at a Hong Kong conference yesterday that the two parties were still some way from agreeing a deal.
We have been talking, but havent made any good progress, he said.
Ning added that there is no timeline in place.
Shares in Modern Dairy surged 9.9% to their highest level since June 2011 but Mengnius slipped 2.1%.