Friday, December 26, 2008
Chinese dairy, declared bankrupt after tainted milk scandal, faces $160 million in debt
he
dairy at the center of China's tainted milk scandal has about $160
million in debt, state media reported Thursday, a day after the company
confirmed it was bankrupt.
Xinhua News Agency said Sanlu Group Co.
faces 1.1 billion yuan ($160 million) of net debt and that a branch of
the Shijiazhuang City... [read more]
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