MG Unit Trust units jump to 4-month high after Yili confirms approach to Murray Goulburn

Thu, 21 Sep 2017

By Jonathan Underhill Sept. 21 (BusinessDesk) - MG Unit Trust units jumped to their highest level in almost four months on the ASX after China's Inner Mongolia Yili Industrial Group confirmed it had joined the throng of dairy companies that are reportedly interested in bidding for Australia's Murray Goulburn. MG Unit Trust rose 12 percent to 87 Australian cents on the ASX, and earlier touched 94.5 cents, the highest since late May. Yili said it had submitted "a cautious non-binding strategic development proposal" to the unprofitable dairy...

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