China's Yashili set to open up 22% after Temasek, Hopu buy stake

HONG KONG (REUTERS) - Shares of Yashili International Holdings are set to open 22 per cent higher in Hong Kong on Monday, after a group of investors including Singapore's Temasek Holdings and China-focused private equity firm Hopu agreed to buy a stake in the company.

Yashili is indicated to open at HK$4.40, according to Hong Kong stock exchange data, as it resumes trading on Monday after a nearly three-month trading halt.

The stock last traded at HK$3.62. Singapore state investor Temasek, Hopu and three other individual investor bought a $213 million stake in Yashili - at HK$3.50 per share - after parent China Mengniu Dairy Co sold down shares to meet Hong Kong listing requirements for the company.