Bellamy’s requests ASX-share trading halt
Bellamy’s Organic has requested an Australian Securities Exchange trading halt until the commencement of trading on Wednesday 14 December 2016.
The infant nutritional company said it is entering a trading halt in the lead up to an announcement on Wednesday 14 December 2016.
The halt comes after Bellamy’s share value dropped more than 40 per cent following an announcement it was experiencing a “temporary volume dislocation in China due to regulatory changeover”.
At the time of the announcement in early December 2016, Bellamy’s said that until the new Chinese regulatory registrations are completed in China, it will be impacted with those unlikely to be able to continue importing under the new regulations getting rid of their formula at discounted prices.
Despite the regulation changeover dilemma, Bellamy’s still achieved an increase in revenue between 1 July 2016 and 20 November 2016 of 24 per cent on the same period in 2015, reaching AUD $93 million.
- Bellamy’shit hard by new Chinese infant formula restrictions
- Bellamy’sappoints two new senior leaders
- Bellamy’sexpands to meet infant formula demand with Fonterra
- Chinababy boom formulates a baby formula frenzy
On Friday 28 October, 2016, Phillip Tracy, the chairman of Murray Goulburn (MG) announced at the com...
There could soon be much more quinoa thanks to an Australian-led scientific breakthrough.
A fibre-rich diet has been linked to a lowered risk of developing painful knee osteoarthritis.
Cobs Popcorn has launched a new flavour which plays homage to the American city of Chicago.
PepsiCo recently hosted an interactive session at the Active & Intelligent Packaging Providers Confe...
Cadbury has decided to bring back Caramilk chocolate to Australia after it was discontinued more tha...
A chicken supply issue that has seen two thirds of UK KFC stores unable to open for business is expe...
Subway has chosen to take advantage of ideal regional Victoria tomato growing conditions and change ...