Yashili gets OIO approval to build $212M Pokeno dairy processing plant

Mon, 01 Apr 2013

By Paul McBeth April 2 (BusinessDesk) - Yashili International Holdings, which makes and distributes infant milk formula products in China, has got Overseas Investment Office approval for its proposed 1.1 billion yuan ($212 million) milk processing plant in Pokeno. The company has three years to build the plant before its consent lapses, which will also impose "certain ongoing reporting responsibilities on Yashili New Zealand," chairman Zhang Lidian said in a statement to the Hong Kong stock exchange. Yashili New Zealand is still waiting for...

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