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Stock-price collapse claims board of Aussie baby food maker

Shareholders revolt after Bellamy's overestimated China demand, leading to stockpiles of unsold infant formula
Wednesday, March 1, 2017 - 05:50

Sydney

A SHAREHOLDER revolt at baby food maker Bellamy's Australia Ltd claimed almost every director in a one-day clean-out following a disastrous foray into China and a stock-price collapse.

Minutes before investors voted on a proposal to oust four independent directors, chairman

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