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Modern Dairy Receives Acceptances for 4.182 Billion China Shengmu Shares, Set to Hold 81.17% Stake

2026-07-21 13:46:27

MODERN DAIRY8.69%

CHINA SHENGMU-1.42%

According to joint announcement by China Shengmu and Modern Dairy, on July 21 at 4 p.m., Modern Dairy Holdings received valid acceptances for 4.182 billion China Shengmu shares under the offer, representing approximately 49.90% of all issued shares. Combined with shares to be held following completion of purchase agreements, Modern Dairy Holdings and its concert parties will hold approximately 6.803 billion China Shengmu shares, or about 81.17% of all issued shares. According to current acceptance levels, China Shengmu's public float may fail to comply with listing rules.

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