Business
Freedom Foods (ASX:FNP) prepares for return to trading
If you haven’t heard much about Freedom Foods Group Ltd (ASX: FNP) in a while, it’s no surprise. Freedom shares have been stuck in ASX purgatory – i.e. a share trading halt – since 24 June. That’s more than 5 months ago.
Freedom shares initially had a strong 2020, rising to $5.68 in April on the back of strong demand for its products. This was amidst the panic hoarding we saw in supermarkets back in March and April. But the shares last traded for just $3.01 before the trading halt came into place.
Freedom Foods was placed in a halt due to some serious developments at the company over the first half of the year. Firstly, Freedom was forced to write down around ~$60 million on its balance sheet due to shonky auditing of its…
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