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Sanyuan Stock up on Sanlu Buy Bid

[2009-02-17 13:34:16]

Share prices of Sanyuan Group soared yesterday after the Beijing-based dairy producer said it was raising funds to bid for the assets of bankrupt dairy products maker Sanlu.

 

 

 
Sanyuan's fresh milk products displayed at a supermarket in Beijing. [China Daily]
Analysts said the asset buy through a non-public share sale would help Sanyuan become a national brand. But there still exists uncertainties for its further growth.

 


 
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