China Modern Dairy Considers Paying First Dividend Next Year
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China Modern Dairy Holdings Ltd., the nation’s largest raw-milk producer, will consider paying its first dividend next year as it expands dairy output and boosts profit margins, its deputy chairman said.
The Maanshan, Anhui-based company has also been approached by potential strategic investors looking to tap growing milk demand in the country, Deputy Chairman Gao Lina said in a Nov. 29 interview in Anhui, without providing details.