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China Mengniu Dairy proposes up to RMB 4.5 billion medium-term notes
By Marisa Wong
Morgantown, W.Va., July 28 – China Mengniu Dairy Co Ltd. said it is proposing to issue up to RMB 4.5 billion of medium-term notes in multiple tranches.
The first tranche is expected to total RMB 1.5 billion.
The proposed issuance is subject to approval by China’s National Association of Financial Market Institutional Investors.
The dairy company is based in Hong Kong.
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