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	<title>ChinaRetailNews.com &#187; scandal</title>
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		<title>China&#039;s Mengniu Gained Net Profit Of CNY1.116 Billion In 2009</title>
		<link>http://www.chinaretailnews.com/2010/05/14/3595-chinas-mengniu-gained-net-profit-of-cny1-116-billion-in-2009/</link>
		<comments>http://www.chinaretailnews.com/2010/05/14/3595-chinas-mengniu-gained-net-profit-of-cny1-116-billion-in-2009/#comments</comments>
		<pubDate>Thu, 13 May 2010 21:00:33 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Food & Beverage]]></category>
		<category><![CDATA[dairy]]></category>
		<category><![CDATA[dairy products]]></category>
		<category><![CDATA[melamine]]></category>
		<category><![CDATA[Mengniu]]></category>
		<category><![CDATA[milk]]></category>
		<category><![CDATA[Niu Gensheng]]></category>
		<category><![CDATA[scandal]]></category>

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		<description><![CDATA[Chinese dairy maker Mengniu has published its annual financial report for 2009, stating that it gained net profit of CNY1.116 billion. According to the report, Mengniu's operating revenue increased by 7.73% from CNY23.865 billion in 2008 to CNY25.71 billion; and its net profit reached CNY1.116 billion. Affected by the melamine scandal, Mengniu lost CNY949 million [...]]]></description>
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		<title>Mengniu Predicts CNY900 Million Losses In 2008</title>
		<link>http://www.chinaretailnews.com/2008/12/29/2035-mengniu-predicts-cny900-million-losses-in-2008/</link>
		<comments>http://www.chinaretailnews.com/2008/12/29/2035-mengniu-predicts-cny900-million-losses-in-2008/#comments</comments>
		<pubDate>Sun, 28 Dec 2008 19:29:53 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Food & Beverage]]></category>
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		<category><![CDATA[dairy]]></category>
		<category><![CDATA[melamine]]></category>
		<category><![CDATA[Mengniu]]></category>
		<category><![CDATA[milk]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[recall]]></category>
		<category><![CDATA[scandal]]></category>

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		<description><![CDATA[China's leading dairy group Mengniu has published a report, stating that according to the unaudited management accounts as of November 30, 2008 and other relevant documents, the group might see a CNY900 million loss in the year 2008. The group said the great losses were mainly due to the melamine scandal. It brought negative effect [...]]]></description>
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		<title>China&#039;s Sanlu Enters Bankruptcy Process</title>
		<link>http://www.chinaretailnews.com/2008/12/26/2037-chinas-sanlu-enters-bankruptcy-process/</link>
		<comments>http://www.chinaretailnews.com/2008/12/26/2037-chinas-sanlu-enters-bankruptcy-process/#comments</comments>
		<pubDate>Thu, 25 Dec 2008 23:39:46 +0000</pubDate>
		<dc:creator>ChinaRetailNews.com Editor</dc:creator>
				<category><![CDATA[Law & Order]]></category>
		<category><![CDATA[Fonterra]]></category>
		<category><![CDATA[Intermediate People's Court of Shijiazhuang]]></category>
		<category><![CDATA[melamine]]></category>
		<category><![CDATA[milk]]></category>
		<category><![CDATA[Sanlu]]></category>
		<category><![CDATA[scandal]]></category>
		<category><![CDATA[Shijiazhuang]]></category>

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		<description><![CDATA[The Shijiazhuang-headquartered Chinese dairy group Sanlu has confirmed that the group had handed in a bankruptcy liquidation application to the Intermediate People's Court of Shijiazhuang and all the work was being carried out in accordance with legal procedures. At the same time, Sanlu's largest foreign shareholder Fonterra Cooperative Group of New Zealand released the information [...]]]></description>
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