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Bright Food inks NZ deal

By Bao Chang | China Daily | Updated: 2010-07-20 07:46

Bright Food inks NZ deal

Models show off clothes made of recycled materials from Shanghai Bright Dairy & Food Co Ltd products. Yang Yi / For China Daily

Beijing - Shanghai-based Bright Dairy & Food Co has agreed to pay $58 million for a 51 percent controlling stake in New Zealand's Synlait Milk Ltd, its first overseas investment.

Bright Food inks NZ deal

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