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Thread: SanLu might be acquired by SanYuan!
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[quote=JIMMYB,329893]Update: San Yuan has trouble in acquire San Lu because it doesn't have enough money. Meanwhile, the other two companies also intend to buy San Lu. One is Fei He dairy company and the other is Wahaha Group Co.. Zong Qinhou, the head of Wahaha Group Co., said that Wahaha will consider to produce its own infant formula milk powder no matter it can acquire San Lu or not. Wahaha has built 5 milk production lines in Xinjiang, Yunnan, Ningxia, Heilongjiang and Jilin. Not only San Lu but also some other big dairy giants including Meng Niu, Yi Li and Guangming have been involved in the contaminated milk powder scandal and they have suffered great losses. However, those small dairy companies that haven't been involved in this scandal are taking this opportunity to expand their market shares. Hopefully, this milk scandal will help China to restructure China's dairy market and break some dairy giants' monopoly. [/quote]
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