Date
18 August 2017

Dairy group to back 6 more baby formula firms, NetEase says

The China Dairy Industry Association is expected to “recommend” infant formula products from six more mainland dairy firms in a push to restore confidence in the scandal-plagued industry, NetEase’s financial news portal reported Thursday, citing an unnamed industry insider. The six firms include nationally known Beijing Sanyuan Foods Co. Ltd. (600429.CN) and Zhejiang Beingmate Technology Industry & Trade Co. Ltd. (002570.CN). The others are smaller players Yinqiao Dairy Group, China Huishan Dairy (06863.HK), Shanghai Chenguan Dairy Industry Co., Ltd. and Xi’an Baiyue Dairy Industry Co.,Ltd., the report said. The association recommended six other firms in September, suggesting that the companies’ baby milk products are safe.

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TL/AC/SK

 

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