Sanlu assets up for grabs
By Ding Qingfen | China Daily | Updated: 2008-12-26 08:03
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A child looks at milk powder products on the shelves of a supermarket in Taiyuan, Shanxi province. Hu Yuanjia |
The Shijiazhuang city government, which owns a 56 percent stake in troubled dairy producer Sanlu, has made it a priority to preserve the company's distribution network in its home province, Hebei, and other regions in north China. This comes after the Shijiazhuang government confirmed that Sanlu is now in a state of bankruptcy.
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