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再访三鹿(Sanlu revisited)
再访三鹿(Sanlu revisited)
Sanlu revisited
Wang Global Entrepreneur 2011-02-15
Core tip: its chairman is still in prison, it was difficult to return to the joint venture partner Chinese, its acquirer three are in serious losses. This is not the whole story.
For the past 2 years, Wu Yongxing drove to Hebei womens prison in southwestern suburbs of Shijiazhuang every month to visit his wifes sister, Tian Wenhua, the former chairman of the Sanlu group. Wu runs a transportation company in the region, in the past Sanlu was its biggest customer. The interview room is in the southeast corner of the prison area. It is a two story building. The prisoners can meet their relatives once a month as stipulated. Separated by a glass wall, Wu Hetian calls by walkie talkie, the conversation is mostly greeting other people and small household affairs. Tian has an independent prison house here. She eats well. She likes to read books. Sometimes she asks three yuan (after Sanlu). After sucking a mouthful of smoke, Wu narrowed his eyes to the global entrepreneur.
Tian Wenhua is undoubtedly the most well known prisoner here. Tian and her Sanlu Group were the first defendants when Chinas dairy industry was faced with a moral and legal trial as a result of the melamine crisis. In January 22, 2009, Tian was sentenced to life imprisonment by the first trial; in March 27th, the second instance upheld the original verdict. Sanlu Group in February 12th was officially announced (please refer to the G bankruptcy who defeated the Sanlu).
Two years later, many people are still paying for this crisis, trying to repair the pain. Sanlus joint venture, New Zealand Fonterra, announced last February 3rd that it would invest in Hebei to build two new ranches and re layout the Chinese market. Sanlu bankruptcy after the core asset acquisition side, Beijing three yuan food shares company also did not benefit from it, in 2009 exposed 129 million yuan loss, the last three quarters of last year still losses 77 million
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