Core Viewpoint - China Shengmu (01432) shares opened nearly 10% higher, reflecting positive market sentiment following the announcement of a stake acquisition by Modern Dairy (01117) [1] Group 1: Company Actions - Modern Dairy announced an investment of HKD 37.52 million to increase its stake in China Shengmu by 1.28% [1] - Modern Dairy has been granted voting rights for 24.9% of China Shengmu's shares previously held by Mengniu Dairy (02319) [1] - Modern Dairy intends to make a conditional cash offer for China Shengmu at HKD 0.35 per share, representing a 14.75% premium over the previous closing price of HKD 0.305 [1] Group 2: Financial Implications - The total cost of the offer from Modern Dairy could reach approximately HKD 2.02 billion [1] - The merger will result in a combined herd size exceeding 610,000 heads, allowing for economies of scale in procurement [1] - The increased scale is expected to enhance purchasing power for bulk materials like feed, leading to lower unit costs and improved competitiveness [1]
港股异动 | 中国圣牧(01432)高开近10% 获现代牧业(01117)溢价约14.75%提全购要约