Milk powder products are arrayed on the shelves at a super market. [CFP]

Milk powder producer Nouriz was involved in a scandal claiming it was a "fake foreign brand" that "exclusively sells to the Chinese market," China Business News reported.

In response, Li Jiaqing, managing director of Legend Capital who acquired Nouriz's shares, said as long as the product safety was guaranteed, the venture capital firm was not worried about where the powder was produced.

Nouriz was incorporated by the company's CEO Liu Ning in New Zealand in 2006. It has focused on infant formula and other supplementary food in the domestic market since 2007 with annual sales figure in the tens of millions of yuan.

In June 2011, Legend Capital bought its shares worth more than 30 million yuan, but Li stressed that his firm does not own a controlling interest in Nauriz.

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