Bellamy’s Australia Ltd
(ASX:BAL) has once again surprised investors by announcing that its shares will not resume trading until 13 January 2017.
The company previously released a trading update at the start of this month, stating that new Chinese import regulations had affected its sales in China.
It is currently trying to assess the financial impact resulting from a fall in its Chinese sales.
In the space of one day, the value of it lost half the value of its shares. Within two days, Bellamy’s market capitalisation plummeted by more than $500 million.
Bellamy’s last traded at $6.68 per share on 2 December 2016.
At 30 June 2016, Bellamy’s reported a net profit of $38.3 million.
