Feb. 6, 2007 (China Knowledge) – Shareholders of China Mengniu Dairy, the Mainland's largest milk producer, are raising as much as HK$1.4 billion from the sale of 65 million existing shares, market sources told the South China Morning Post.

The shares were marketed at an indicative range of HK$20.60 to HK$21.50 each, representing a 4% to 8% discount to the stock's HK$22.40 close Monday.

ABN Amro Rothschild is the arranger for the sale.