Freedom Foods Group made a dramatic return to the ASX on Monday as investors rushed for the exit, with the company’s shares now valued at a fraction of their value before accounting irregularities were uncovered nine months ago.
Shares in the maker of UHT milk and plant-based drinks fell 82.4 per cent to just 53¢, sinking its market capitalisation to about $146 million, from $834 million, when it last traded on June 24 at $3.01 per share.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
