Beingmate Baby & Child in trading halt pending asset sale

Thu, 13 Jul 2017

By Paul McBeth July 13 (BusinessDesk) - Chinese infant formula maker Beingmate Baby & Child Food had its shares halted on the Shenzhen stock exchange ahead of an asset sale to a related party in the next week and a half. The infant formula maker, which counts New Zealand's Fonterra Cooperative Group as a cornerstone shareholder, sought the trading halt yesterday. It expects to make an announcement in the next 10 days, according to a translation of a Chinese-language notice to the stock exchange. Beingmate slashed its annual earnings...

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