Media Updates, page-7693

Well, the fall of Bellamy was directly attributed to the sudden regulatory change enacted by China, which had effectively stopped its China operation overnight. The financial impacts reverberated throughout its finances and crippled it permanently. At one point, the company had seeked to remedy the critical issues it had been facing by acquiring blend and pack, and also by subsequently applying for the licence to resume selling its tins of formula in China. Ultimately, however, China had never issued the licence it desperately needed, even after years of waiting. Then, after the capital destruction for shareholders had simmered for a little while, China came and bought whatever was left of the carcass.

What you need to realise is, what had happened to Bellamy has been interned to history, not an opinion. What had happened to Bellamy serves as a reminder to all market participant, the length that China is prepared to go through to realise its ambitions.