Pork stocks sink as companies report huge loss for 2021
Share prices of large hog producers in China remained under pressure in the first trading session after the Lunar New Year holiday as huge losses were reported for 2021 amid low pork price.
Public shares of top hog farming company Jiangxi Zhengbang Technology plunged nearly 10% to a limit-down on Monday as the company is estimated to report a loss of 18-20 billion yuan (US$2.8-3.1 billion) in 2021.
Its peers including Wens Group and Ningbo ...
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