China Feihe (6186.hk) offers to purchase YST Dairy (1431.hk) at 0.63$ per share

We discovered YST Dairy back in March 2020 when it was around 28 cents. The price offer of 63 cents correspond to 7.1x EV/EBIT and is just 1.6% over the last trading price of 62 cents last Friday.