The board of troubled infant milk formula group Bellamy's Australia is to pursue legal action in a bid to unmask the identity of the owner of a key block of capital in the company as it seeks to pushback against efforts to take board control of the company.
Shares in troubled infant milk formula group Bellamy's fell for a third straight day Friday with investor sentiment soured by the difficulties seen in reviving its fortunes.
When it comes to the all-important China market, the shadow of government regulation looms large.
Its shares have slumped by a third in just two days, but that isn't enough to whet the appetite of some analysts, who reckon the shares should decline another 20 per cent or so to bring them back to 'fair value'.
Shares in struggling uranium miner Paladin Energy slumped on Tuesday as it disclosed a complex proposal to restructure its borrowings.
Optimism that the surge in commodity prices may help lift government revenues and reduce the budget deficit has been pulled up short by a steep fall in spot coking coal prices since the start of the new year.
With troubled baby formula group Bellamy's to issue its long-awaited trading update next week, dissident shareholders seeking to take board control will also meet next week to map out their push to topple the board.
Hunter Hall International has denied it knew founder Peter Hall intended to sell his holding in the company before Christmas, although it was aware he wanted to quit as chief investment officer.
The largest shareholder in struggling dairy group Bellamy's Australia has moved to force out several of the company's directors – a move the board has rejected.
We'll be driving more, using electric cars, along with more renewable energy - and nuclear energy over the next 25 years. But our addiction to coal will remain, while gas will emerge as our main source of energy.