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NZ's Synlait Milk to raise NZ$120 mln in IPO and share sell-down
date:Jun 25, 2013
ade and packaged by foreign companies outside China demand hefty premiums at supermarkets in China, where food safety scandals are rife.

The IPO and offer comes as Fonterra plans to introduce its branded milk formula products in China later this year, while Chinese dairy heavyweights Inner Mongolia Yili Industrial Group and Yashili International Holdings plan to build their own milk formula processing plants in New Zealand.

Earlier this month, China Mengniu Dairy Co Ltd, the country's largest

12/24 02:09