date:Nov 11, 2013
Temasek, a sovereign wealth fund of the Government of Singapore, and private equity firm Hopu have agreed to purchase a $213m stake in Chinese infant formula maker Yashili International.
The move comes after Yashili's parent company China Mengniu Dairy has sold shares to meet Hong Kong listing requirements, reports Reuters.
Mengniu has offered $1.6bn for Yashili's complete shares in June 2013. However, it received offers only for 89.82% of stock.
Meanwhile, Yashili has requested for a three-m