Fonterra has defended its decision to keep its information under wraps for so long.
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Moreover, Fonterra was not a controlling shareholder and consequently could not be held responsible for Sanlu's conduct.
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Fonterra says it was told by Sanlu of a problem with the powder on August 2nd, six days before the games.
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On September 8th it told them what it had learnt from Fonterra, a New Zealand dairy company that owns 43% of Sanlu.
Given that Fonterra followed a common practice by using Hong Kong as a legal base for its Chinese operations, that argument alone is sending a shudder through the territory's businesses.
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