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China Shengmu - PF (01432): Modern Dairy Holdings is actively considering measures to restore the Company's public float.
China Shengmu-PF (01432) announced that, as disclosed in the announcement, the directors of Modern Dairy Holdings have jointly and severally undertaken to the Stock Exchange to take appropriate steps to ensure, as soon as practicable, the Company's compliance with Listing Rule 13.32B.
China Modern Dairy Sets Board Meeting for Interim Results and Dividend Plan
CH MODERN D: DATE OF BOARD MEETING
Guohai Securities: Signs of a turning point with upward momentum in milk prices have emerged; ambient liquid milk has stabilized, and chilled and deep-processed dairy products are expected to drive the next phase of growth.
1) Focus on livestock companies that are expected to directly benefit from the dairy price reversal and the alignment of the meat and dairy cycles; 2) Consider stable, high-dividend stocks.
China Modern Dairy Holdings Limited has acquired approximately 4.38 billion additional shares of China Shengmu-PF (HKEX: 1432) at an approximate price of HK$0.35 per share.
On August 3, China Modern Dairy Holdings Limited acquired an additional 4.379519346 billion shares of China Shengmu-PF (01432.HK) at HK$0.35 per share, for a total consideration of approximately HK$1.533 billion.
Hong Kong Stock Market Movement | Modern Dairy (01117) Rises Over 4%, Yili Youran Dairy (09858) Gains Nearly 3% on Supply-Side Inventory Reduction and Mild Recovery in Milk Prices
Dairy stocks continued to rise. As of the time of writing, Modern Dairy (01117) was up 4.05% at HK$1.54, and Yurun Dairy (09858) gained 2.83% to HK$4.36.