After its listing on the Hong Kong Stock Exchange on October 8, Ausnutria has been plagued by questions about whether it is a Chinese or foreign brand. Yesterday, the embroiled Ausnutria company held a press conference in Changsha to respond to media质疑 for the first time. Ausnutria Dairy CEO Chen Yuanrong firmly claimed: Ausnutria is a pure imported milk powder brand. He stated that Ausnutria is a Chinese imported milk powder brand and cannot be judged by whether it is invested by foreigners.
Ausnutria claims that its milk powder is imported from Australia.
Ausnutria, which has always relied on the "imported milk powder" halo to make great strides in the milk powder market, faced questions about its "identity" after its successful listing in Hong Kong and extensive public disclosure of information. These questions include: why an imported milk powder brand that has no sales abroad is called an international brand, does it have its own dairy source, and are there any processing plants domestically.
In response, Ausnutria Dairy CEO Chen Yuanrong said at yesterday's press conference...