Inner Mongolia Mengniu Dairy (group) Co., Ltd. made an offer to acquire additional 5% stake in Shanghai Milkground Food Tech Co., Ltd (SHSE:600882) for approximately CNY 800 million on October 13, 2022. Under the terms, Inner Mongolia Mengniu will acquire 25.80 million shares of Shanghai Milkground at a price of CNY 30.923 per shareChina International Capital Corporation Limited acted as financial advisor to Inner Mongolia Mengniu Dairy (group) Co., Ltd. Tender offer validity period is from October 18, 2022 to November 16, 2022.