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Chinese scandal-hit liquor maker tumbles for 3rd straight trading day (3)

(Xinhua)

09:57, November 28, 2012

Since the company's products were found to contain a plasticizer, as confirmed by the national quality watchdog, the sector has seen declines across the board, with the liquor sector shedding 3 billion yuan in market value in the last two trading days.

Losses in the sector totalled 50 billion yuan over the previous eight trading days.

Most liquor companies have seen their shares contract over 10 percent since the scandal erupted, including Wuliangye Yibin Co. and Hebei Hengshui Laobaigan Liquor Co. The least-affected company, Kweichow Moutai Co., has slumped 3.3 percent.


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Email|Print|Comments(Editor:黄蓓蓓、马茜)

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