Chinese candy maker Hsu Fu Chi International has published a report via the Singapore Exchange, stating that the Ministry of Commerce of China has approved Nestle's acquisition of a 60% stake in Hsu Fu Chi.

Nestle has signed an agreement with the founding family of Hsu Fu Chi International to acquire a 60% in the Chinese food company for USD1.7 billion.

In response to a report that stated 15 American infant formula milk powder products contain perchlorate, Abbot, one of the three major milk powder producers from the United States, declared that all their products sold on the Chinese market are all made with milk from New Zealand, Ireland, or the Netherlands, so they aren't contaminated [...]

Following reports in Chinese media that its milk powder contains melamine, Mead Johnson, one of the major infant formula milk powder producers in the U.S., has announced that the reports were not true and its milk powder does not contain the harmful substance.

On the heels of concerns over product quality and melamine in Chinese milk, Nestle has opened a new research and development center in Beijing, which will focus on both basic research and product development.

According to the latest from Sing Tao News, two of Hong Kong's main retail chains, Mannings and Wellcome, have removed milk powder made by Swiss food giant Nestle from their shelves after a newspaper reported that samples contained the industrial chemical melamine.