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Key Milestones
The key milestones of the development of our Group are as follows:
 
Jul 2025 Issued a 5-year, USD 350 million sustainability bond
 
May 2025 MSCI upgraded our rating to A, leading all Chinese peers in animal husbandry sector
 
Jul 2024 Acquisition of 4 organic farms to add 30,000 head of organic cows
 
Apr 2024 MSCI upgraded our rating to BBB, marking a significant three-level jump within a year
 
Apr 2023 Completed the 100% equity acquisition of Yunyangniu Technology
 
2022 Strategic deployment across Liangyuan Technology, Modern Grassland, Meng Yuan Genetics
 
Jun 2022 Completed the acquisition of a 75% stake in Aiyangniu Technology
 
Nov 2021 Completed the 100% equity acquisition of Fuyuan International
 
Jul 2021 Issued a 5-year, USD 500 million bond
 
July 2020  Completed the 100% equity acquisition of Zhongyuan Muye
 
Sep 2019 New Hope Dairy became the second largest shareholder
 
2018 Set up a JV with Mengniu for the production and sale of branded liquid milk products; The offtake agreement with Mengniu was automatically extended to 2028
 
Mar 2017 Mengniu acquired an additional 23.6% stake and further increased its stake to 61.3% through a general offer
 
Jan 2017 Mengniu increased its stake in China Modern Dairy to 37.7%
 
May 2013 Mengniu acquired additional 26.92% stake, increasing its stake from 1.07% to 27.99%, and became our single largest shareholder
 
Apr 2012 Launched its own brand of UHT milk
 
Nov 2010 Listed on the Main Board of The Stock Exchange of Hong Kong
 
2008-2009 Completed several rounds of equity financing led by KKR, CDH and Brightmoon
 
Oct 2008 Signed a 10-year offtake agreement with Mengniu
 
2006 CMD's first farm in Ma'anshan, Anhui, commenced operations
 
Sep 2005 Modern Farming was incorporated and commenced business