Receivership for company behind bungled $100m milk powder plant

South Waikato Processing Facility, which had planned to build a $100 million milk plant in the Waikato, has been placed in receivership.

NBR Online understands creditors include mysterious Chinese investor Yong Ming Yan and Kiwi entrepreneur and owner of wireless internet hotspot network Zenbu, Maurice Winn.

Mr Yan, also known as Bill Liu, is understood to be taking legal action in relation to the failure of the business.

 

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