Edition:
India

China Mengniu Dairy Co Announces On Proposed Disposal Of A Subsidiary


Monday, 1 Jul 2019 

July 1 (Reuters) - China Mengniu Dairy Co Ltd <2319.HK>::INNER MONGOLIA MENGNIU AGREED TO SELL 51% OF ENTIRE REGISTERED CAPITAL IN SHIJIAZHUANG JUNLEBAO DAIRY CO., LTD.DEAl FOR AN AGGREGATE CONSIDERATION OF RMB4.01 BILLION.INNER MONGOLIA MENGNIU TO SELL 51% OF SHIJIAZHUANG JUNLEBAO DAIRY CO TO PENGHAI PE AND JUNQIAN MANAGEMENT.COMPANY WILL RECORD AN ESTIMATED GAIN OF ABOUT RMB3.43 BILLION BEFORE TAXATION.