[3 August/ National Business Review]

Beingmate Baby & Child could be delisted from the Shenzen Stock exchange if it reports further financial losses. Fonterra is monitoring Beingmate’s asset sale programme and said its Anmum brand distribution agreement with Beingmate remains unaffected. Beingmate downgraded its $10 million profit earnings forecast to a loss of at least $76 million for the first six months of 2017. If a loss is reported this year, the company will be marked as Special Treatment on the Shenzen Stock exchange, which is considered half way to being delisted. Beingmate attributes the revised earnings forecast to the transition to infant formula registration in early 2018, challenging market conditions and directors cautious approach during the registration process.