* 婴幼儿配方奶粉公司--中国飞鹤6186.HK周五盘中一度跌4.4%。
* 该公司周四公告，全资附属公司飞鹤（香港）同意向作为借款人的公司控股股东Garland Glory提供4亿元人民币的贷款融资，期限12个月，年利率2.73%，用途为一般营运资金。文件显示，飞鹤董事长--冷友斌全资拥有Garland Glory。
* 投行花旗点评称，这笔关联交易令市场感到意外，因其发生在该公司宣派特别股息仅一个月后。鉴于市场重新担忧控股股东的融资需求（参考海底捞6862.HK的案例），预计短期内投资者对飞鹤的负面情绪将有所抬头。
花旗对中国飞鹤作出“卖出”评级，鉴于这一意外的关联交易，加上行业逆风下的艰难盈利前景。
* 中国飞鹤今年迄今累跌超三成。（完）
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