Fonterra slams Beingmate after huge earnings downgrade
Four Beingmate directors express doubts about company's financial reporting amid RMB1 billion forecast loss.
Hot Topic
Hawke’s Bay
Dairy giant Fonterra faces further writedowns on its troubled investment in Chinese company Beingmate following another massive earnings downgrade.
Fonterra, which spent about $755 million buying an 18.8% stake in Beingmate, is also admitting concern for the first time about Beingmate's
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Duncan Bridgeman and Businessdesk
Mon, 22 Jan 2018
Mon, 22 Jan 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Fonterra slams Beingmate after huge earnings downgrade
72862