Dairy: Following China’s urge to improve safety of milk products, analysts tipping a wave of consolidation in the industry, as Chinese milk product makers must meet revised industry standard by end Oct 10….
Separately, Bright Dairy & Food, Shanghai’s biggest food & dairy co. has won regulatory approval frm NZ authorities to acquire 51% stake in Synlait Milk, and is reportedly in discussion over possible purchase of UK’s United Biscuit, stirring momentum for further M&A plays in the Food industry.…
Notable Dairy plays listed on SGX would be China Dairy, who recently issued profit warning, expecting to register net loss for 3Q 10 & FY10, citing rising prices of key raw materials & depressing margins following intense competition in China’s milk industry.
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