beingmate is a sinking ship. lost over $1 billion FY2019 and made 10 mil profit this year. of which $8 million was government grants. profit per share is $0.01. fonterra bought into it at $18 a share and now $8. major shareholders have been selling down the company. Chinese mums don't want china made infant milk even if it's with Australian ingredients. beingmate sales are falling year on year and questioned by Shenzhen China stock exchange. so many people on HC have no clue about china market. dyor.
Ann: MOU to Manufacture SAMR Infant Formula in China, page-29
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