If AHF gets FDA approval for its infant formula and other dairy, AHF could launch a takeover bid for A2M.
I think the Beijing interests Yili and Mengniu have moved on from A2 to more conventional dairy products.
Those living in the Beijing ruled territories are moving to conventional milk as well as their economies free fall due to the lockdowns across the Mainland. Daigou are no longer possible given the Beijing security crackdowns.
If a TO bid from AHF comes, IMHO A2M holders would do well to accept it.
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