Dairy Nutraceuticals' accounts 'appear inaccurate'

The company's former site in Auckland, now for lease. (Image: Bayleys)

Tue, 05 Sep 2023

The receivers of Dairy Nutraceuticals, who the Bank of China appointed, have said the company’s accounts “appear inaccurate”.However, they have signed a deal to sell its fixed assets. After the business breached its lending agreements with the New Zealand arm of the Chinese bank, Grant Thornton’s Russell Moore and Stephanie Jeffreys were appointed to manage the affairs of the dairy products manufacturer, which exported mainly to China.Their appointment came after the landlord re-entered its premises in Penrose, Auck...

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