Domestic formula firm posts loss
By Wang Zhuoqiong | China Daily | Updated: 2018-01-23 07:45
Beingmate's disappointing financial results could trigger acquisition move
Chinese infant formula producer and distributor Beingmate Baby & Child Food's disappointing financial reports with numbers far worse than originally forecast could trigger a possible acquisition by New Zealand-based Fonterra Cooperative Group, according to industry experts.
On Jan 22, Beingmate's shares last traded at 6.03 yuan (94 cents), down from 14 yuan last May.
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