Shanghai-listed Bright Dairy & Food Co., Ltd. plans to sell approximately 559 million shares at RMB16.10 apiece to raise RMB9 billion (US$1.45 billion) in a private placement deal to introduce strategic partners and to finance acquisitions, according to a regulatory filing. Six institutional investor, including Hony Capital, CITIC Goldstone and SAIC Motor Corp’s investment unit […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.