From www.abc.net.au: Brownes Dairy, Western Australia’s oldest and largest dairy processor, is up for sale after its Chinese parent company, Australian Zhiran, defaulted on a $200 million loan.

The sale raises hopes among local dairy farmers for a return to Australian ownership, as current operations remain unaffected by the ownership change.

Insolvency experts McGrathNicol will oversee the sale, with stakeholders expressing optimism about finding a competent buyer.