Australian-based Peter Cooper is the biggest shareholder with 7.4 per cent of the listed units in the dairy co-op.
The shares are all non-voting stock, so those buying are backing the business rather than taking a punt on corporate activity.
Anchorage is an owner of Australian dairy farms and just happens to be a Murray Goulburn supplier.
JD. Com, the big Chinese internet company, is another big shareholder just below substantial levels. In China some 60 per cent of dairy sales are online and JD is the biggest internet company in China behind Alibaba.
MG’s Devondale brand is the third biggest long-life brand in China behind German-based Oldenburger, and Friso.
Last week’s capital raising of $500 million was designed to raise funds for Murray Goulburn’s expansion into China and other Asian ports while also giving its farmers some value for their milk supplies to the co-op.
In late morning trade the stock was up 1.3 per cent at $2.38 a share and a market value of $491.6 million.
Source: The Australian