Baozun: Falls after co expects to incur $7.5 mln in damages

Baozun

16/12/2019 11:08

** Chinese e-commerce solutions firm's shares  BZUN.O  fall
~6% premarket, set to open at over a 9-month of $32.9
    ** Stock among worst performers across U.S. exchanges before
the bell
    ** Company expects to accrue ~RMB 53 mln ($7.53 mln) in Q4
in relation with a fire at a third-party warehouse  urn:newsml:reuters.com:*:nGNX6H0d9F
    ** Based on initial findings of local authorities, damage to
inventory is greater than previously estimated, company says
    ** Stock has risen ~19% this year


($1 = 7.0389 Chinese yuan renminbi)

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))