Well done, you've made an excellent first post and quality ones.
I recalled there are 176 CNCA licensed manufacturers, Australia has 8, if full allocation, China's infant formula series (each has stage 1, 2 &3) will be reducing from 2,000+ (Some have recently been out) to only 528.
Substantial reduction of existing formulas, will offer more market opportunities for the licensed players.
Capital Raising Offer to Limited Parties, page-68
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