being mate is about to go bankrupt. debts are greater than assets. major shareholders are selling out of the company, fonterra has 8% shareholding and has been unsuccessful in selling out. being mate is heavily reliant on government subsidies to stay afloat. do a google search of beingmate Chinese name and it's heaps negative news articles in china. was once a major brand in 2015 and sales falling, now being questioned by Shenzhen stock exchange for irregularities. do your research. fonterra lost so much money with beingmate
Ann: MOU to Manufacture SAMR Infant Formula in China, page-22
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