Yili Makes Announcement on Murray Goulburn Bid: News on $1.20 per Unit bid is Inauthentic

HOHHOT, China, Sept. 21, 2017 /PRNewswire/ -- Chinese dairy company Yili has made a formal announcement today through the Shanghai Stock Exchange to clarify that the media coverage regarding Yili's offer to bid up to $1.20 per unit of Murray Goulburn Co-operative Co. Limited is inauthentic.

According to the announcement, Yili has only submitted a cautious, non-binding proposal in relation to Murray Goulburn. Due to the existence of several uncertainties in this matter, it is advised that investors refer to formal announcements of the company and pay attention to all relevant investment risks.