Bellamy’s License Suspension Lifted

Shares in infant formula maker Bellamy’s skyrocketed to their highest level this year after the company announced that its recently acquired Melbourne factory had gotten its China export license back. The license suspension has been lifted because Bellamy’s “diligently responded to all requests and queries on behalf of the CNCA and worked through the process as stipulated by the Chinese authorities.” Bellamy CEO Andrew Cohen is pleased that the suspension has been lifted, and appreciates the efforts that CNCA makes to protect Chinese customers.