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47 sats \ 2 replies \ @Solomonsatoshi 21 Aug \ parent \ on: China Escalates Trade Tensions with EU over Dairy Imports news
It was from a Chinese milk conglomerate Sanlu with which NZs largest dairy coop Fonterra had entered a joint venture investing millions to get into the Chinese market.
After the scandal Sanlu (and Fonterras investment) were worthless.
https://en.wikipedia.org/wiki/2008_Chinese_milk_scandal
Naturally the bricks and mortar of the Sanlu operation was restarted under some new branding and the NZ dairy giants investment disappeared into the complex labyrinth of Chinas reverse engineering of Western Production Processes.