Mengniu’s bid to purchase Lion Dairy, currently owned by a Japanese company, is blocked by the Treasurer as being contrary to the national interest. This is despite FIRB recommending approval of the sale. Some see this as an overly politicised decision, as the company has no strategic importance and is already foreign-owned.
Mengniu’s bid to purchase Lion Dairy, currently owned by a Japanese company, is blocked by the Treasurer as being contrary to the national interest. This is despite FIRB recommending approval of the sale. Some see this as an overly politicised decision, as the company has no strategic importance and is already foreign-owned.
