Bellamy’s takes dive

SHARES in embattled infant formula supplier Bellamy’s Australia have tumbled after emerging from a trading halt and suspension that ran for almost two weeks.

Bellamy’s shares plunged more than 10 per cent in early trade yesterday before recovering some ground to end the session 5.1 per cent lower at $6.

It followed the surprise suspension earlier this month of a key Chinese regulatory licence for Bellamy’s newly acquired Australian canning facility.