男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Companies

China OKs Fonterra investment in dairy maker Beingmate

(Xinhua) Updated: 2015-01-12 07:43

China OKs Fonterra investment in dairy maker Beingmate

A woman uses her mobile phone in front of an advertisement for Fonterra in Jinan, East China's Shandong province, August 12, 2013. [Photo/IC]

HANGZHOU - China's Ministry of Commerce has approved global dairy cooperative Fonterra's bid to buy a 20 percent stake in Beingmate, the Chinese dairy giant said Friday.

The Shenzhen-listed company said in a statement that it received word that the strategic investment by Fonterra had been given the green light on Thursday.

The approval will take six months to be put into effect, it said.

Last September, Beingmate announced that Fonterra would buy the 20 percent stake for 3.68 billion yuan ($593 million), which is aiming to increase the New Zealand company's access to China's milk market.

After the share transfer, Beingmate and Fonterra will build a joint-venture milk powder factory in Victoria, Australia. Beingmate will invest more than $185 million in the factory, holding a 51 percent ownership stake, it said.

Beingmate is based in Hangzhou, capital of East China's Zhejiang province, and is the third-biggest Chinese dairy firm in terms of output.

With an annual dairy processing output of 22 billion liters, Fonterra is the world's largest dairy processor and exporter. In addition to consumer brands such as Mainland cheese and Anchor butter, it is also the world's largest dairy ingredients supplier to Nestle and McDonald's.

Fonterra's reputation was damaged in a 2008 scandal over melamine-tainted baby formula produced by China's Sanlu Group. Fonterra bought a 43 percent-stake in Sanlu in 2005.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 广安市| 龙里县| 云阳县| 无极县| 佛坪县| 松滋市| 吴江市| 安新县| 丽水市| 琼海市| 郁南县| 革吉县| 苍山县| 岳阳县| 林甸县| 名山县| 珠海市| 吉木萨尔县| 河东区| 庆安县| 互助| 北安市| 茶陵县| 长汀县| 肥城市| 东宁县| 海伦市| 安多县| 云阳县| 招远市| 福清市| 集贤县| 宽甸| 延川县| 彭山县| 穆棱市| 紫阳县| 屏东市| 徐汇区| 赞皇县| 洛南县|