China’s infant formula giant Feihe to expand into FSMPs after goat-milk powder patent granted
Major China infant formula brand Feihe’s patent application for a special medical use goat milk powder has been granted, with market observers now expecting the company to expand its range and retail channels.
Baby milk formula giant China Feihe, endorsed by film star Zhang Ziyi, offers HK$3 billion to buy its supplier YuanShengTai Dairy Farm
The deal, which needs shareholder approval, is the biggest expansion move by Beijing-based Feihe since its listing in Hong Kong in November when it raised HK$856 million.
