Hong Kong company bidding for stake in New Zealand dairy industry
Wellington - A Hong Kong company is bidding for a stake in the New Zealand dairy industry, which is the biggest exporter of milk products in the world, a lawyer confirmed on Thursday.
Seven milk producers, including Sanyuan, Wahaha and new competitor Yili, plan to bid for Sanlu Group Co this weekend, the company shamed in last month's milk scandal, according to today's International Finance News.