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Mengniu Dairy moves to buy Australia baby milk formula maker Bellamy for US$1 billion as part of global expansion goals

China Mengniu Dairy has offered A$1.5 billion (US$1 billion) to take over Australian infant milk formula maker Bellamy, reflecting the dairy products giant’s goal to expand aggressively abroad.The Inner Mongolia company said on Monday that it would buy Bellamy at A$13.25 a share, which represents a 59 per cent premium to the Australian company’s closing price of A$8.32 on Friday.The deal, accepted by Bellamy’s board, is subject to a review by Australia’s Foreign Investment Review Board, Mengniu… Source link

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Vietnam 

Vinamilk donates milk to disadvantaged children in Thái Nguyên – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A milk production line of Vinamilk in the southern province of Tây Ninh. — VNA/VNS Photo Lê Đức Hoảnh HÀ NỘI — Vietnam Dairy Products Joint Stock Company (Vinamilk) on Thursday donated 70,000 glasses of milk to 780 disadvantaged students of Quy Kỳ Primary School in the northern province of Thái Nguyên’s Định Hóa District. The donation, worth of VNĐ470 million (US$20,210), is part of the ‘Stand Tall Vietnam’ Milk Fund run by Vinamilk, helping disadvantaged families and families who are beneficiaries of State policies on the occasion of War Invalids’…

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Singapore 

Good deals must share July 15 – 21: $1 durian, free bubble milk tea, Ikea salmon croissant and other deals, Lifestyle, Singapore News

We scour the island for the best deals to help you stretch your dollar, and keep you in the loop on the hottest shopping trends. ‘Cos good things must share. $1 DURIAN AT BOON LAY SHOPPING CENTRE As we draw closer to the end of the durian season, here’s your chance to eat the King of Fruits to your heart’s content at Boon Lay Shopping Centre.  The durians are a steal at $1 each.  If you want something more premium, Mao Shang Wang goes for $15 per durian. But one thing…

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Singapore 

Good deals must share July 8-17: 90 cents LiHO milk tea, $10 Guardian Discount and other deals, Lifestyle, Singapore News

We scour the island for the best deals to help you stretch your dollar, and keep you in the loop on the hottest shopping trends. ‘Cos good things must share. 90 CENTS LIHO MILK TEA  Singaporeans can’t seem to get enough of bubble milk tea, but it’s oh-so-expensive to drink it every day.  To make your milk tea drinking habit a little easier on the wallet and to celebrate LiHO’s recent outlet openings, the bubble tea chain is offering its 90 cents milk tea at its five new outlets. The 90 cents milk tea is…

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Soy milk, toothbrushes and hair conditioner are biggest winners as more Chinese consumers opt for premium brands, says study

What do soy milk, electric toothbrushes and hair conditioner have in common? They are among the biggest beneficiaries of China’s consumption upgrade, according to global consultancy Bain & Company.The shift in spending by China’s expanding middle class towards more expensive, premium goods has led to a large increase in sales of these and other items, the firm said in a report based on research by Kanta Worldpanel China, which tracks of 40,000 Chinese households’ spending.Soy milk, made from… Source link

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White Rabbit milk tea sells at 2,000 per cent premium as Chinese consumers show support for local brands amid trade war

It is not all doom and gloom when it comes to the US-China trade war.At a time when more than US$300 billion dollars worth of Chinese exports to the United States face increased tariffs of 25 per cent, milk tea by storied Shanghai brand White Rabbit is selling at a premium of about 2,000 per cent – all in the name of national pride.Residents are willing to pay as much as 500 yuan (US$72) for a taste of the milk tea, which normally sells for 19-23 yuan, in a black…

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Vietnam 

Vinamilk builds organic milk farm in Laos – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      VIENTIANE The first stage of a project to establish a US$500 million organic milch cow farming complex started in the Lao province of Xiengkhouang late last week. Financed by the Lao – Jagro Development Xiengkhouang Co (Lao – Jagro), in which Vietnam Dairy Products Joint Stock Company (Vinamilk) holds a 51 per cent stake, the first phase costs $120 million. It will cover 5,000ha and house 24,000 milch cows. Once operational, it will generate thousands of jobs for local residents. The second stage will span between 15,000ha…

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Singapore 

McDonald’s rolls out yuan yang-inspired coffee milk tea ice cream: brings back fish & fries, Singapore News

Can’t decide whether you like coffee or tea? Why not have both in the form of yuan yang? And if you love ice cream, you’d be pleased to know that McDonald’s will be launching yuan yang ice cream. But they’re calling it Coffee Milk Tea ice cream. They’ll have it five variations. Coffee Milk Tea Cone, $1Photo: McDonalds Singapore Coffee Milk Tea Twist Cone, $1Photo: McDonalds Singapore Coffee Milk Tea Chococone, $1.20Photo: McDonalds Singapore Coffee Milk Tea Soft Serve Sundae, $2Photo: McDonalds Singapore Coffee Milk Tea McFlurry, $3Photo: McDonalds Singapore…

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Vietnam 

Vinamik offers to purchase GTN shares for Mộc Châu Milk – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Việt Nam Dairy Products Joint Stock Company (Vinamilk) has offered to purchase more than 116 million shares of GTNFoods Joint Stock Company (GTN) as GTN indirectly holds shares in Mộc Châu Milk. According to the document sent to the State Securities Commission on the purchase, Vinamilk has offered to buy a maximum of 46.68 per cent of GTN shares, or 116.71 million shares, with a price of VNĐ13,000 per share. Vinamilk estimates to spend about VNĐ1.5 trillion (US$64.5 million) on the deal.…

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Singapore 

Jobless man jailed 25 years for forcing wife into prostitution to pay for baby’s diapers and milk powder, Singapore News

SINGAPORE – A 27-year-old jobless man who forced his wife to prostitute herself to pay for their baby son’s diapers and milk powder was sentenced to 25½ years’ jail and 24 strokes of the cane on Tuesday (Feb 19). He also admitted to forcing his six-year-old daughter to perform oral sex on him, as well as undressing, kissing and fondling his 13-year-old niece. “You are a monster,” said High Court judge Chan Seng Onn in sentencing the man. “The sordid sexual depravity of his transgressions is unprecedented and involves him…

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