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Key MSCI index adds five STAR securities 1 2021-05-13 09:59:39China Daily Editor : Wang Yifan ECNS App Download An attendee takes a snapshot at the launch ceremony of the STAR Market in Shanghai. (Photo by Wu Jun/For China Daily) The technology-focused STAR Market of the Shanghai Stock Exchange is gaining increasing attention from international investors, judging by the latest inclusion of five STAR Market stocks in the MSCI flagship index. Five STAR Market stocks were included in the MSCI China A Index Series which was revised on Tuesday to add Tianjin-based biomedicine company CanSino Biologics Inc, China Railway Signal & Communication Corporation Ltd, Shanghai-based semiconductor maker Montage Technology, battery test equipment manufacturer Zhejiang HangKe Technology Inc Co and Yantai-based electrical components maker Raytron Technology. ....
IFF Achieves Key 2020 Sustainability Goals Second Annual Sustainability Webcast to be held May 20th IFF (NYSE:IFF) today announced the achievement of key 2020 sustainability goals that were set at the launch of the Company s sustainability program in 2010. During that time, IFF met and surpassed its original intensity-based targets for three environmental goals, resulting in a reduction in its greenhouse gas (GHG) emissions, water withdrawal and hazardous waste generation per metric ton of production by -42.6%, -67.1% and -41% below 2010 levels, respectively. IFF has also achieved its 2020 goal to have 100% of the palm oil used in its products be certified according to the Roundtable on Sustainable Palm Oil (RSPO) Mass Balance Supply Chain Model. ....
Danone finalizes sale of Mengniu stake Nachrichtenquelle: globenewswire | 13.05.2021, 01:28 | 123 Danone sale of Mengniu stake Danone has finalized the strategic sale of its approximately 9.8% stake in China Mengniu Dairy Company Limited, which was originally announced on May 12, 2021. The transaction resulted in total gross proceeds of HKD 15.4 billion, representing c. €1.6 billion. The settlement of the transaction will take place on May 17, 2021. In line with Danone’s disciplined capital allocation, the majority of the proceeds will be returned to shareholders through a share buyback program. The details of the program will be announced upon initiation. About Danone ( ) Danone is a leading multi-local food and beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based products, Waters ....
Danone intends to sell its stake in Mengniu May 12, 2021 04:30 ET | Source: DANONE DANONE Danone intends to sell its stake in Mengniu
Danone launches today the strategic sale, via an accelerated bookbuilding process, of its approximately 9.8% stake in China Mengniu Dairy Company Limited (“Mengniu”), a leading Chinese manufacturer and distributor of dairy products, which is listed on the Hong Kong Stock Exchange. This transaction follows the announcement on February 28, 2021, of the conversion of Danone’s long-term indirect stake in Mengniu into a direct holding which completed on April 16, 2021.
A further announcement with regards to the success of the sale and proceeds received will be made by Danone in due course. ....