date:Apr 30, 2013
China Modern Dairy has dismissed reports it has received a takeover approach, reported to be from local rival Mengniu - but admitted it is in talks over a potential disposal of certain assets.
In a statement to the Hong Kong stock exchange, China Modern Dairy has moved to reassure shareholders rumours related to a possible acquisition of the company were unfounded.
The company has not received any approach from any party in relation to any proposed acquisition, the milk processor said late las