date:Jul 04, 2013
ench food giant's sliding market share in China.
And three months ago, to secure the quality and safety of its milk supply, Mengniu announced plans to pay HK$3.18 billion ($410.06 million) to take a controlling stake in China Modern Dairy Holding Ltd, the country's largest raw milk producer, which owns 22 dairy farms nationwide.
Chinese investments in world-renowned dairy production firms are a hot topic in recent years, as the Chinese firms are attracted by their relatively cheap and better q