Capital, Earnings & M&A
Yili and Mengniu Clash Again: Is Niu Gensheng's Old Ticket Still Valid?
Yili and Mengniu, the two rivals, are at odds again. COFCO may find that once aboard Niu Gensheng's 'pirate ship', it's hard to get off. After Yili acquired Shengmu's stake, Mengniu reconciled with Modern Dairy, and under new CEO Lu Minfang, it restructured and bought more shares in Modern Dairy, signaling a return to its competitive past.
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