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Sanlu assets in three dairy plants auctioned off
By Ding Qingfen (chinadaily.com.cn)
Updated: 2009-04-07 17:44 The second auction of assets of Sanlu Group, the bankrupt Chinese dairy company at the center of last year's melamine scandal, was held on Tuesday in Hebei. Three companies won the bidding to purchase three assets of Sanlu for a total price of 43.2 million yuan ($6.32 million). Sanyuan, the Beijing-based dairy producer, did not compete at the auction.
The first three assets were bid for at 3.2 million, 25 million and 15 million yuan respectively. No company bid for the last asset, which will be auctioned later. There are 169 trademarks related to Sanyuan and 12 patents were planned to be auctioned, but for technical reasons, the auction of this part stalled. On March 4, Sanyuan won the bid to buy Sanlu's core assets for 616.5 million yuan. (For more biz stories, please visit Industries)
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