Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

China's Sanlu Group Faces Bankruptcy

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
2,026
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Oct 4, 2008

ZHANG:
Sanlu Group, the first reported source of the tainted milk powder scandal in China, may soon be facing bankruptcy. It's having to recall millions of dollars worth of products and issue refunds. It may also be liable to pay hospital bills for Chinese children suffering from kidney stones.

A source quoted by Hong Kongs Ta Kong Po online paper says that Sanlu Group's line of credit maxed out, and that local banks are refusing to loan them more money.

Bankruptcy would lead Sanlu Group to lay off about 350,000 employees nationwide.

Category:

News & Politics

Tags:

License:

Standard YouTube License

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (4)

Sign In or Sign Up now to post a comment!
  • owned

  • A lot of babies died so it is murder when the person who knew the powders were contaminated was going into the bodies of babies. Someone is going in front of a firing squad for that one.

  • Good to hear this news.

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more