China-focused private equity investment firm Hopu Investment Management, Singapore sovereign wealth fund Temasek and three investment holding companies will buy a 13 percent stake in Hong Kong-listed dairy company Yashili International Holdings for a total of HKD1.6 billion (approximately US$213 million). The investors will acquire 471.1 million shares at HKD3.50 (approximately US$0.45) apiece from China-based dairy product manufacturer China Mengniu International. Hopu and Temesek will invest HKD621 million (approximately US$80 million) and HKD771 million (approximately US$99 million), respectively, for a 4.9 percent and a 6.2 percent stake. Mengniu is selling the shares so that the company meets the minimum public float percentage required by the Hong Kong Stock Exchange.