One-line news
June 26, 2017 Category 
One-line news, Weekly
- China Mengniu Dairy has invested more than CNY5 billion in Modern Farming Group Co to manufacture pasteurized milk products and other low-temperature dairy products. Modern Farming is the country’s leading farm company, with the largest number of cattle and a leading provider of raw milk. The company operates 26 farms with 229,200 cows. Mengniu controls about 61.25% of Modern Farming.
- Billionaire Wang Jianlin’s Dalian Wanda Group has rebuked rumors that major state banks have been directed to sell off its bonds. The rebuttal appeared to be confirmed when two executives with Industrial and Commercial Bank of China (ICBC) told the Securities Journal that the bank had not received orders to sell Wanda bonds.
- China has been shifting the focus of wide-ranging bribery investigations to telecommunications, media and technology (TMT) firms as the industry becomes more important to the economy, according to a joint report by the China Institute of Corporate Legal Affairs, Netherlands-based information services provider Wolters Kluwer, and Chinese law firm Fangda Partners.
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