Sunshine Insurance Group, one of the country’s leading insurers, had denied speculation it is planning a takeover of Inner Mongolia Yili Industrial, China’s largest dairy firm, after increasing its stake in the business…Full Article: South China Morning Post Sept 2016
- As a result of the purchase, Inner Mongolia’s largest shareholders include Hohhot Investment (8.8%), Hong Kong Securities Clearing (6.22%), and Sunshine Insurance Group (5%).
- In 2015, Inner Mongolia Yili Group was ranked China’s top consumer brand, and was followed by Master Kong (see Tingyi Cayman Islands), Mengniu and Want Want China.
- Inner Mongolia Yili Group (SHA:600887) traces its roots back to 1956 when it operated as a dairy cooperative in Hohhot, Inner Mongolia Region. In 1993, the company was restructured as Yili Group and began its ice cream operations. Currently, Yili produces milk, milk beverages, sorbet, ice cream, milk powder, milk tea powder, yoghurt, and cheese. Since 2005, the company has been China’s top supplier of milk powder and milk tea powder.