Tainted-milk firm declared bankrupt
24-12-2008
Sanlu, the Chinese firm that sparked a nationwide melamine-tainted milk crisis, that led to the deaths of 6 children and made almost 300,000 others ill, has been declared bankrupt. It will be managed by a court-appointed receiver. The Fonterra Group, a New Zealand dairy exporter that owns part of Sanlu, said a court in Hebei province issued the bankruptcy order, in response to a creditor's petition. The tainted milk scandal spread to involve more than 20 Mainland companies.
