Bubs share price halted amid JV news from China

Bubs shares are in a trading halt…

| More on:
an attractive woman gives a time out signal with her hands, holding them in a T shape, indicating a trading halt.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Bubs Australia Ltd (ASX: BUB) share price won't be going anywhere on Wednesday.

That's because prior to the market open this morning, the junior infant formula company requested a trading halt.

What's going on with the Bubs share price?

The Bubs share price has been halted this morning at the company's request.

According to the release, Bubs has requested that its shares remain halted until the earlier of the release of an announcement or the commencement of trade on Friday 30 September.

Shareholders will no doubt be wondering what this announcement relates to. And while information is scant at this stage, the company revealed that it does relate to its Chinese operations.

The company's trading halt request states:

the trading halt is requested pending an announcement by Bubs regarding a new joint venture arrangement for the manufacture and distribution of Bubs' branded products in China.

Given that the company has already signed a major distribution deal with a key diagou seller in the region, this news is a little out of left field.

So, investors will have to sit tight and see what exactly is going on once the announcement is made.

And with the Bubs share price down almost 20% since this time month, shareholders will no doubt be hoping that this announcement is the catalyst to getting it heading in the right direction once again.

Should you invest $1,000 in Allkem right now?

Before you buy Allkem shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Allkem wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 6 March 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BUBS AUST FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Consumer Staples & Discretionary Shares

A young man goes over his finances and investment portfolio at home.
Consumer Staples & Discretionary Shares

Down 53% in a year, why this ASX 200 share now presents 'long term value'

A leading expert forecasts brighter days ahead for this beaten-down ASX 200 share.

Read more »

A couple in a supermarket laugh as they discuss which fruits and vegetables to buy
Consumer Staples & Discretionary Shares

How this $400 million program could lift the Woolworths share price

Buying Woolworths shares? You’ll want to read this!

Read more »

A happy young woman in a red t-shirt hold up two delicious burritos.
Consumer Staples & Discretionary Shares

Why Guzman y Gomez shares are a buy after crashing on earnings results

A leading expert says the sell-off in Guzman y Gomez stock is an overreaction. But why?

Read more »

A customer and shopper at the checkout of a supermarket.
Consumer Staples & Discretionary Shares

Leading broker says buy both Woolworths and Coles shares

Its analysts think these shares are on sale right now. Let's find out why.

Read more »

A gambler at a casino bets a pile of chips on one number
Consumer Staples & Discretionary Shares

Would you buy more Star Entertainment shares in a capital raise?

Bally's has suggested a fully underwritten capital raise including a Share Purchase Plan for investors.

Read more »

A man sits in a chair hunched over a laptop and covered head to toe in frozen icicles to represent Envirosuite's trading halt
Consumer Staples & Discretionary Shares

Star Entertainment shares still frozen amid financial rescue plan as second bidder emerges

US casino giant Bally's offered to buy a controlling stake in Star Entertainment over the weekend.

Read more »

A photo of a young couple who are purchasing fruits and vegetables at a market shop.
Consumer Staples & Discretionary Shares

With a 5% dividend yield, is the Coles share price a buy?

Is this stock worth putting in the shopping basket?

Read more »

Woman with an amazed expression has her hands and arms out with a laptop in front of her.
Consumer Staples & Discretionary Shares

A2 Milk shares rocketed 35% in February: Are there more gains ahead?

Can this high-flyer keep on rising or is it now fully valued?

Read more »