Shijiazhuang Dairy Company holds a 56.4 percent stake in Sanlu Group, and New Zealand Fonterra owns 43 percent of Sanlu, while another three Chinese companies – Shijiazhuang Hongqi Dairy Company, Chengde Huaning Dairy Company and Tangshan Kangning Dairy Company – hold 0.2 percent stakes in Sanlu, respectively.

Sanlu’s assets, about to be liquidated, include a liquid milk plant, a plant in Jinan and three wholly-owned subsidiaries, as well as 19 joint ventures.