China Huishan Dairy Holdings: Dutch dairy giant buys remaining stake in joint venture with embattled China Huishan

Friesland Campina, the dairy giant behind the popular Dutch Lady brand sold in China, said it had acquired the remaining stake in its joint venture with Huishan, officially ending its partnership with the embattled Chinese dairy company. The Dutch firm bought a 1.1 per cent stake in China Huishan Dairy Holdings in 2015, when the latter was in its prime. Huishan at that time was one of the biggest taxpayers in the rust belt province of Liaoning, employing more than 40,000 workers. The...