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
The recent annual results of Domino’s Pizza Enterprises Limited have delighted its investors.
Baskin-Robbins Australia has added ‘ice cream pizza’ to its menu.
SEE how the ASEAN region’s growth prospects, health profile, and market conditions, coupled with glo...
Coca-Cola is “fundamentally reshaping” its approach to packaging globally with plans to collect and ...
American intelligence agency J.Walter Thompson have reported that city buildings could be part of th...
ALDI has won Canstar Blue’s Most Satisfied Customers Award in the Supermarket category for 2018.
Coles has dragged down the Wesfarmers 2018 first half year financial profits with its earnings falli...
Such is the demand for barramundi in Australia that most of the fish described in Australia as ‘barr...