Two private equity firms controlled by the Chinese government may have lost more than $585 million on a Sydney vitamins manufacturer, which was put into receivership Monday.
Nature’s Care, a supplier to Chemist Warehouse, was placed under the control of BDO Australia after defaulting on loan payments, the business advisory firm said.
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Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom. Email Aaron at apatrick@afr.com
