A2 gets 'please explain' as shares hit 5-month low, First NZ sees new rivals

Fri, 20 May 2016

By Paul McBeth May 20 (BusinessDesk) - A2 Milk Co brushed off a 'please explain' notice from the stock market operator after its shares plunged to a five-month low saying it complied with listing rules, while separately, brokerage firm First NZ Capital noted uncertainty creeping into the market as four new entrants start selling milk with the A2-type protein. The Auckland-based, Sydney-headquartered company said it continued to comply with continuous disclosure rules after NZX queried a 22 percent slump in the share price since May 17, w...

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