The joint venture intends to manufacture, market and sell a range of nutritious products in China.
The joint venture has also executed an agreement to purchase Yashili Zhengzhou, a subsidiary of Yashili International Holdings Ltd.
Zhengzhou’s primary asset is a production facility currently under construction in China, where the joint venture intends to manufacture its products.
Mengniu is the majority owner of Yashili.
Source: WhiteWave Foods Company
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