News: BAL Bellamy's Australia Says Co's New Branded Formulation-Series Approved By SAMR

April 24 (Reuters) - Bellamy's Australia Ltd (BAL) :

• NEW BELLAMY'S BRANDED FORMULATION-SERIES APPROVED BY SAMR
• AWAITING FINAL CERTIFICATION OF ALL CHANGES FROM SAMR WHICH IT HOPES TO RECEIVE SHORTLY
• APPROVALS PART OF BELLAMY'S STRATEGIC PLAN TO BUILD OUT A TIERED-PRODUCT PORTFOLIO AND PENETRATE CHINA OFFLINE CHANNEL
• WILL INVEST $4-6 MILLION (PERFORMANCE DEPENDENT) TO TRANSITION PRODUCT AND TO SECURE LONG-TERM PRODUCTION CAPACITY WITH VIPLUS
• WILL TRANSITION TO SELLING NEW SAMR REGISTERED SERIES AT VIPLUS AS SOON AS FURTHER ARTWORK AMENDMENTS HAVE BEEN APPROVED

Source: http//bit.ly/2ZqNlKB

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