March 5, 2019 / 9:56 PM / 7 months ago

Bubs Australia bets on China with Beingmate venture

March 6 (Reuters) - Infant formula maker Bubs Australia Ltd said on Wednesday it intends to form a joint venture with Shenzhen-listed Beingmate Baby & Child Food Co Ltd to distribute Bubs’ products in China.

The companies have entered a non-binding memorandum of understanding with the intent of eventually forming a joint venture in Shanghai, Bubs said in a statement.

Reporting by Ambar Warrick in Bengaluru; editing by Grant McCool

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