Sanlu Brand Sold For CNY7.3 Million
The brand of the Sanlu Group, the Chinese dairy group which was involved in the melamine scandal, was recently sold at auction for CNY7.3 million.
Sanyuan
Sanyuan Wins Bidding For Sanlu Assets
Beijing Sanyuan Food Company has won the bidding for Sanlu with a bid of CNY616.5 million at the public auction of part of Sanlu's assets held by by Shijiazhuang Intermediate People's Court.
Beijing's Sanyuan To Rent Sanlu Assets
Following confirmation of milk producer Sanlu's bankruptcy, Beijing-based rival Sanyuan has adjusted its acquisition plan and announced that it will rent some of Sanlu's assets.
China's Sanyuan Sets Up Branch To Facilitate Sanlu Acquisition
Beijing based Sanyuan Foods has published a report which says that its board of directors has approved a proposal to set up a subsidiary in Shijiazhuang to facilitate its proposed acquisition and merger with Sanlu.
Sanlu Group's Seven Subsidiaries Resume Production In North China
According to a senior official of the Shijiazhuang government Sanlu Group, which had suspended production because of the melamine milk scandal, has resumed production.