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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}