Chinese Túró Rudi may be a big failure
The previous history of Cottage Kitty may end with a half billion USD state loss. The mass production of the Chinese product look alike Túró Rudi has not yet started in spite of a half year long test.
According one of the reader of Index; the Hungarian company has already sent out from China, after the company get into business debates over future profits with its local partner, the Jong Hszing Ltd..
However, according to Index, the Eximbank made the contract with the Chinese company with seemingly very favorable conditions. Only ten percent of the purchase price had to be paid by Jong Hszing Ltd., that bought the technology from Hungarian EU Milk.
So the loan must be repaid by the Chinese company. According to the information of Index that has not happened, although the principal of the loan should also be repaid.
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