Deals
Mengniu Dairy Rises in Hong Kong After Funding Boost
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China Mengniu Dairy Co. climbed to the highest in 10 months in Hong Kong trading after gaining HK$6.12 billion ($790 million) of capital from Cofco (Hong Kong) Ltd. and Hopu Investment Management Co.
Mengniu, China’s biggest maker of liquid milk, jumped 10 percent to HK$21.05 as of 10:19 a.m. local time. The stock was raised to “neutral” from “underperform” at Credit Suisse AG.