News Snapshot:
By Ben Otto China Youran Dairy Group is beginning to test investor appetite for an initial public offering in Hong Kong that could raise around US$800 million, a person familiar with the matter said Tuesday. Investor education meetings are due to begin from Thursday, the person said. Proceeds from the IPO would be used to fund investments over the next two years, including for building dairy farms, importing about 20,000 cows from Australia and New Zealand, and meeting general corporate needs, according to a company filing with the Hong Kong exchange. The deal's final offer size and the number of...
