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China's Mengniu adds another deal with offer for Carlyle's Yashili
date:Jun 19, 2013
also sources raw materials from New Zealand.

Trading in shares of Mengniu, based in Inner Mongolia, and Yashili were suspended in Hong Kong last week.

Liquid milk products contributed 89.6 percent of Mengniu's 36.08 billion yuan revenue in 2012, ice cream products 8.8 percent and milk powder products 1.6 percent.

Mengniu teamed up with Danish-Swedish dairy group Arla Foods ARLAF.UL in June last year to develop dairy products in China, in another bid to regain consumer confidence.

Last month,

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