The goodwill impairment from this announcement dated 1st March states, "The Company acquired a 51% interest in Golden Koala in March 2018 with the expectation that GoldenKoala would continue to distribute infant milk formula to Chinese consumers. However, registration andlicensing of the infant milk product formulation from the Chinese Food and Drug Administration (CFDA) hasbeen delayed for an uncertain period due to changes in control policies and trading conditions in China."
At least it doesn't say "indefinite period", but I am not holding my breath for an "uncertain period" either.
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Change
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Mkt cap ! $58.28M |
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17 | 2403917 | 0.055 |
3 | 190000 | 0.054 |
2 | 220000 | 0.053 |
1 | 50000 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 95645 | 1 |
0.058 | 109100 | 2 |
0.059 | 626122 | 3 |
0.060 | 600000 | 3 |
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