Bellamy's extends share trading suspension

Wednesday, 21 Dec 2016 07:30:57 | Sue Lannin

Bellamy's boss Laura McBain faced a shareholder backlash over her latest $1.38m pay packet. (Bellamys)

Baby formula company Bellamy's has extended its trading suspension on the ASX until the middle of next month.

In a statement to the exchange, the company said its shares will remain suspended until January 13, or until it makes an announcement to market about its financial position.

Bellamy's said the suspension has been extended while it continues negotiations with key suppliers and manufacturers.

The company said it needs time to determine what the impact of those negotiations will be on its expected financial results.

Bellamy's shares dropped as much as 40 per cent on one day earlier this month after it surprised the market by warning that new regulations in China had hurt sales.

AustraliaPlus

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Bellamy's extends share trading suspension

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