A2 Milk sets out changes imposed by Chinese regulators

Wed, 06 Apr 2016

By Fiona Rotherham April 6 (BusinessDesk) - Speciality milk marketer A2 Milk has outlined a number of regulatory changes signalled by the Chinese government in relation to the lucrative infant formula market, in an investor presentation in Sydney. The company, whose shares have risen 245 percent on the NZX and 213 percent on the ASX in the past year on the back of an infant formula boom in Australia and China, said the dairy product now accounts for 53 percent of group revenue. That compares with just 7 percent two years ago. Most of A...

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