Rupert Soar News Today

"For the first time, it may be possible to design a true living, breathing building."

Australian infant formula maker Bubs’ nearly two-month long boardroom saga has come to a conclusion, with most shareholders voting against founder Kristy Carr’s attempt to remove the current board.

Unimpressed investors have hit the sell button after the board of goat milk formula company Bubs Australia survives...

Kristy Carr’s attempt did not come to pass at an extraordinary general meeting, ending a bitter months-long dispute at the infant formula company.

“We would love them to reconsider their position,” James Jackson, who hopes to become Bubs’ next chairman, said after two proxy advisers recommended against the spill.

Proxy adviser Institutional Shareholder Services (ISS) is advising its clients to oppose plans to spill Bubs Australia’s existing board and install a new one including a2 Milk executive Peter Nathan.

Infant-formula business Bubs Australia has reportedly brought in a local dealmaking company to advise on future strategy.

The ASX-listed infant formula minnow is facing a board spill being led by its co-founder Kristy Carr and former executive chairman Dennis Lin.

Bubs Australia has revealed its China revenue has plummeted in a trading update as its sacked founder aims to overhaul the company’s board.

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