Yep, and prove of that is the fact that Reckitt had sold its China infant-formula business for $2.5 billion AUD, at quite a subtantial lost; the business had generated AUD$1.5 billion in revenue. It was sold NOT to other international brand, and instead it was sold to a Chinese investment firm.
Having generated NZD$1.2 billion or AUD$1.15 billion in revenue, how much do people think A2M is worth? Especially taking into account how much control the CCP has over all aspects of its operation.
By the way, Nestle is offering its own A2-only line of product, and A2M had challenged it in court, which it subsequently lost.
Ann: Results Presentation FY21, page-151
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