The CEO and chairman of China’s largest dairy firm, Yili Group, will miss the Boao Forum for Asia because of ill health, the company said late on Saturday, amid rumours he had been taken away for investigation.
Yili Group is a privately owned company based in Inner Mongolia that processes and manufactures dairy products, including milk powder, sterilised milk and fresh milk under the Yili brand. It was an official sponsor of the 2008 Olympics.
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