https://insidefmcg.com.au/2019/11/25/china-mengniu-dairy-to-buy-lion-dairy-drinks-for-600-million/
Looks like they're on a buying spree.
as for the scare mongering with the sale of Bal taking the food out of australian mothers babies....like seriously? Bal was not a popular brand in australia vs the other majors.
remember, breast milk is best, as they say. Bal was purely a luxury. Many other brands available.
be aware china is not the only one buying our companies, the US has been doing it for ages, only they are not marketed as evil communists....
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