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Bubs' shares rebound from early losses
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Company lays down 5-point plan
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To focus on improved governance and reduced expenses
(Updates share move in paragraph 3, adds analyst quote in paragraphs 4 and 5)
By Rishav Chatterjee
July 6 (Reuters) - Shares of Bubs Australia pared most of their early losses on Thursday after opening about 9% lower, as the embattled baby formula maker launched a five-point plan to reduce operating expenses and cash burn.
Bubs has been focussing on streamlini...
>>> Read more: UPDATE 3-Bubs Australia falls after mounting new strategy, outlook amid board overhaul
Bubs' shares rebound from early losses
*
Company lays down 5-point plan
*
To focus on improved governance and reduced expenses
(Updates share move in paragraph 3, adds analyst quote in paragraphs 4 and 5)
By Rishav Chatterjee
July 6 (Reuters) - Shares of Bubs Australia pared most of their early losses on Thursday after opening about 9% lower, as the embattled baby formula maker launched a five-point plan to reduce operating expenses and cash burn.
Bubs has been focussing on streamlini...
>>> Read more: UPDATE 3-Bubs Australia falls after mounting new strategy, outlook amid board overhaul
