A2 remains confident in Chinese demand as competitors emerge, share price drops
By Sophie Boot
April 3 (BusinessDesk) - A2 Milk Co says it hasn't seen any change in growth in China and it's confident in its business as its share price continues to drop on news that competitors have begun selling their own A2-branded infant formulas in China.
The stock dropped 6.5 percent last Wednesday, when Nestle confirmed it is had launched an A2 product under its Illuma brand, with the product called Atwo and sold in China. It fell a further 4.2 percent on Thursday and was recently down 4.4 percent to $11.86.
In a statement to...
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