China's New Hope Dairy to buy 60% stake in Huanmei Dairy for $241m

China's New Hope Dairy to buy 60% stake in Huanmei Dairy for $241m

New Hope Dairy

CICC Capital-backed dairy products supplier New Hope Dairy Co., Ltd. (NHD) is picking up a 60 per cent stake in Huanmei Dairy for 1.711 billion yuan ($241 million), according to a filing with Shenzhen Stock Exchange.