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China Modern Dairy Holdings Ltd. ( (HK:1117) ) just unveiled an announcement.
China Modern Dairy Holdings Ltd. has provided a monthly update on its proposed mandatory conditional cash offer for all issued shares of China Shengmu Organic Milk Limited not already owned or agreed to be acquired by CMD and Start Great Holdings Limited. The company confirmed that since the initial announcement of the potential offer, it has been working to satisfy the conditions precedent under its share purchase agreements, and independent shareholders of CMD have now approved the relevant transactions at an extraordinary general meeting on 16 January 2026. However, apart from two remaining conditions under the share purchase agreements, no other conditions precedent have yet been satisfied or waived, and completion of the share purchase agreements remains outstanding. CMD and CSM stated that further announcements will be made as required, while warning shareholders and potential investors that completion of the share purchase agreements may or may not occur and, consequently, the possible mandatory cash offer for CSM shares may or may not proceed.
The most recent analyst rating on (HK:1117) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Modern Dairy Holdings Ltd. stock, see the HK:1117 Stock Forecast page.
More about China Modern Dairy Holdings Ltd.
China Modern Dairy Holdings Ltd. (CMD) and China Shengmu Organic Milk Limited (CSM) are both Cayman Islands-incorporated dairy companies listed in Hong Kong, operating in China’s dairy sector with a focus on milk production, including organic milk in the case of CSM. Their businesses are centered on supplying dairy products to the Chinese market, where scale, integration and access to quality raw milk are key competitive factors.
Average Trading Volume: 23,571,902
Technical Sentiment Signal: Buy
Current Market Cap: HK$11.92B
Learn more about 1117 stock on TipRanks’ Stock Analysis page.