● Natural Dairy says it is still interested in dairy farming in this country, as well as sourcing "specific dairy products" and/or striking deals with local dairy processors, either "directly or indirectly".
● It also appears determined to take full control of a New Zealand subsidiary initially fronted by bankrupt businesswoman May Wang, and has indicated it may announce further plans before the end of this month.
● Since its offer to buy the Crafar farms was turned down by the Government last year, the company has continued to develop a chain of retail stores in China, and has also developed a bottling factory in Jiangxi. It has also organised a high-profile advertising campaign on China's main television channel.
● Natural Dairy has been suspended from the Hong Kong Stock Exchange for most of the past 18 months, while shareholders - including at least one prominent Chinese billionaire - await details of its plans.
● On Friday, it revealed it had made a loss of HK$154.3 million ($23.5 million) in the year to the end of May.
● It lost a similar amount last year. But it remains upbeat about its future, noting that the latest result includes just one month of UHT milk sales from New Zealand. The company has a contract to buy UHT milkfrom a dairy factory set up in Tauranga by Wang.
http://www.nzherald.co.nz/business/news/article.cfm? c_id=3&objectid=10749656
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