Chinese leading infant formula giant, China Feihe Ltd. (HKG: 06186), has offered 3.1 billion RMB (US$398.68 million) to purchase one of its top suppliers, YuanShengTai Dairy Farm Ltd. (HKG:01431), making the biggest expansion move for Feihe since its IPO in Hong Kong in November 2019 when raising HK$6.7 billion (US$856 million).
Feihe has purchased fresh milk from YuanShengTai to produce its infant formula products since . . .
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