Company: Launceston-Based Company and Stock Exchange

company: The Launceston-based company told the stock exchange it needed time to consider its expected financial results, according to Australian Broadcasting Corporation. Bellamy shares tumbled 40 per cent in a day on December 2 dropping from 12.01 to 6.85 when the company declared new regulations in China were hurting sales and prices. ABC News Carla Howarth Related Story Bellamy shares tumble 40 per cent as Chinese rules sour business Related Story Social media success drives local, international sales for Tasmania Bellamy Tasmanian baby formula company Bellamy Organic, which earlier this year recorded 331 per cent growth in revenue from sales to wealthy Chinese consumers, has been put in a trading halt after its share price plummeted. The company said other brands unlikely to survive the rule changes were flooding the market with discounted products. Its marketing focussed on selling organic baby food to wealthy people in China. They were liquidating inventory at discounted prices Bellamy told the ASX. Bellamy had been a steadily rising stock, climbing from 1.60 to more than 15 last year. (news.financializer.com). As reported in the news.