Date
22 July 2018

Japanese milk firm Meiji seen exiting China, paper says

Japanese milk powder maker Meiji Co. Ltd. is expected to announce on Thursday its withdrawal from the Chinese market after more than 10 years, Beijing Times reported, citing several industry sources familiar with the matter. No reason for the departure was given. An official in the company’s Shanghai office said he is not ware of any such move. The company was investigated for alleged anti-competitive practices this year but escaped punishment, the report said.

– Contact HKEJ [email protected]

TL/AC/RA

 

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