Strong debut for China Dairy

Shares in China Dairy Corporation lifted 25 per cent in a strong debut on the Australian share market. China Dairy shares closed five cents, or 25 per cent, above their 20c issue price on Friday, with the stock ranging as high as 27 cents during the day as about 1.5 million shares were traded. China Dairy wants to expand its milk supply operations into Australia to meet the insatiable demand for fresh milk, particularly for infants, in its homeland.

Source: Strong debut for China Dairy