Net profit tumbles 19.5pc, despite 6.6pc rise in revenue to 27.26 billion yuan. Liquid milk sales jump 8.3pc, yoghurt sales surge 31.6pc
China Mengniu Dairy Co., Ltd. has signed a deal to buy Yashili International Holdings Ltd. for over 11 billion H.K. dollars (1.42 billion U.S. dollars), marking the most costly merger in China's domestic dairy sector, China Securities Journal reported Wednesday.
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