date:Jul 04, 2013
try was expected to involve 10 large companies with revenues exceeding 2 billion yuan in two years, according to the China Daily.
They have to boost local consumption before they can proceed with the consolidation more smoothly, said one retail analyst at a regional brokerage, who was not authorised to speak to the media.
As part of this consolidation, China Mengniu Dairy Co Ltd signed a second takeover deal in a month in June to buy Carlyle-backed Yashili International Holdings Ltd in a deal