FCG
04/07/2013 15:40
GENERAL
REL: 1540 HRS Fonterra Co-operative Group Limited
GENERAL: FCG: NDRC Review of Consumer Dairy Products
Fonterra has confirmed it has been contacted by the China National
Development and Reform Commission regarding a current broad-ranging
investigation of consumer dairy products in China.
Fonterra understands that the NDRC is reviewing a wide range of consumer
businesses in the Chinese dairy industry as part of this work.
Fonterra operates a small consumer business in China and has a long history
of engagement with government agencies and is co-operating fully with the
NDRC. Fonterra will provide further updates on any outcomes as appropriate,
when the investigation is complete.
End CA:00238222 For:FCG Type:GENERAL Time:2013-07-04 15:40:39
Price at posting:
$7.35 Sentiment: None Disclosure: Held
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