China to sell assets of scandal-hit milk company

Feb 14, 2009 Full story: The Associated Press

A Chinese court plans to auction off the assets of the Chinese dairy at the heart of a tainted milk scandal that sickened hundreds of thousands of children and was blamed for killing six, reports said Saturday.

Sanlu Group Co. was declared bankrupt by a court in its north China base of Shijiazhuang on Thursday. Its real estate holdings, buildings and equipment will be auctioned March 4, along with its investment rights and interests in three other dairy companies, newspapers and the official Xinhua News Agency reported.

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North Chicago, IL

#1 Feb 16, 2009
So can we see some saling of the US peanut farm to reemburse the consumers? I bought a bag of peanuts 2 weeks ago.

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