Beingmate joins Shenzhen selloff to trade 12% below price Fonterra paid for 18.8% stake

Thu, 02 Jul 2015

By Suze Metherell July 3 (BusinessDesk) - Beingmate Baby & Child Food Co shares have halved in value on the Shenzen stock exchange over the past three weeks, pushing their price 12 percent below what Fonterra Cooperative Group paid for its 18.8 percent stake in the Chinese infant formula maker. Beingmate shares closed at 15.82 yuan yesterday, below the 18 yuan apiece, or 3.46 billion yuan that the Auckland-based dairy cooperative paid for 192.4 million shares in March. The shares have halved from a record 30.95 yuan on the Shenzhen excha...

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