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BAL BUB All milk stocks This could two ways. Competitors rise on...

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SelmaBouvier

3,809 Posts.

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07/07/17

09:44

Post #: 25720419
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Originally posted by Ben2010 ↑

Could be a good day for BUB with the BAL announcement today

July 7 (Reuters) - Infant formula maker Bellamy's Australia Ltd (BAL) said on Friday that Chinese authorities have suspended the export licence of its newly-acquired subsidiary.
China is Bellamy's top export market, and the company's stock has been roiled by problems with sales and regulations there. It announced the acquisition of Camperdown Powder Pty Ltd last month, and its export licence, as a key plank in a turnaround plan.
On Friday Bellamy's said it requested a trading halt "to allow the company to determine the reasons and impact of the Camperdown's suspension of its CNCA license by the China authorities overnight," referring to China's Certification and Accreditation Administration.

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BAL BUB All milk stocks

This could two ways. Competitors rise on less competition. Competitors get dumped on instability of Chinese market regulations.
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