Bellamy's Australia has put its shares in a trading halt as it determines the impact of the suspension of a key licence by Chinese authorities overnight at its recently acquired Victorian cannery, Camperdown Powder.
Last month, it raised $60 million to help fund the purchase of the cannery, which was supposed to deliver the company a key licence to allow its products to be sold into China, where regulations change in 2018.
The acquisition of a 90 per cent interest in Camperdown settled three days ago.
BAL Price at posting:
$6.74 Sentiment: Hold Disclosure: Not Held
