Comments() 
Print 
Mail 
Large Medium SmallChina Yurun Food Group Ltd, the nation's second-largest meat processor, rejected allegations of accounting irregularities and contaminated products as "groundless".
Yurun shares rose as much as 5.1 percent in Hong Kong trading on Friday after saying it has procedures to ensure that "assets are safeguarded, operational controls are in place, risks are properly managed".
Yurun hasn't found any food safety concerns related to its products, it said in a statement to the Hong Kong Stock Exchange.
The meat company fell 13 percent to HK$6.51 in Hong Kong trading on Thursday, the lowest since October 2006.
Agencies - China Daily
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
