Bank of China appoints receivers to Hong-Kong owned, NZ-based Dairy Nutraceuticals

Founded in 2016, Dairy Nutraceuticals produces a range of dairy products. (Image: Getty)

Tue, 04 Jul 2023

The Bank of China has appointed receivers to Hong Kong-owned, New Zealand-based Dairy Nutraceuticals.Grant Thornton’s Russell Moore and Stephanie Jeffreys were appointed to the dairy products producer by the NZ arm of the Chinese bank on Wednesday under a general security agreement.Founded in 2016, Dairy Nutraceuticals produces a range of dairy products, including infant formula, out of its 6,500 square factory in Auckland. Its website markets products from cow, sheep, and goat’s milk. 'Investigations are ongoing'Hong K...

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