UPDATE: Beingmate slides further in Shenzhen tumble

Fri, 03 Jul 2015

(Updates Beingmate shares) By Suze Metherell July 3 (BusinessDesk) - Beingmate Baby & Child Food Co shares have more than halved in value on the Shenzhen stock exchange over the past three weeks, pushing their price 21 percent below what Fonterra Cooperative Group paid for its 18.8 percent stake in the Chinese infant formula maker. Beingmate shares fell 9.6 percent to 14.30 yuan, below the 18 yuan apiece, that the Auckland-based dairy cooperative paid for 192.4 million shares in March. The shares have more than halved from a record 3...

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