NZ's Sanford drops most in 3 months on China suspension

Sanford

09/02/2021 22:46

** Shares of Sanford Ltd  SAN.NZ  fall as much as 4.5% to
NZ$4.68, marking their worst intraday drop since Nov. 5, 2020
    ** The seafood co says GACC, the Chinese authority
responsible for the country's customs, has placed a suspension
on imports from its Havelock mussel processing facility 
    ** The move follows a video audit of the plant by the
Chinese authority that led to some queries  urn:newsml:reuters.com:*:nFWN2KF1EG
    ** SAN says it does not expect a material impact on
operations or sales from the suspension, which will continue
until the queries are resolved 
    ** Stock down 6.3% this year, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))