Comment:

Consider these three closely related facts.

Fact one – Australian baby formula maker Bellamy's Organic is waiting to have its products registered for sale in China.

Fact two – As Bellamy's share price has slid from over A$22 dollars to A$8.32 in mid-September and China Mengniu Dairy Company has taken advantage of the fall to lob a A$13.25 a share takeover bid.

Advertisement

Fact three – China Mengniu Dairy Company is 28 per cent owned by Cofco, a Chinese government-owned food conglomerate.

If we take those three facts together, the more cynical among us might be tempted to wonder why

Advertisement