Shuanghui subsidiary pork exceeded antibiotic levels by 37x
Heilongjiang’s market supervision regulator reported that some pork products from Wangkui Shuanghui Beidahuang Food exceeded standards for residual antibiotics by 37.5x.
Following the news, the company’s stock price fell by 5% on Tuesday before recovering slightly and rising by 0.65% on Wednesday.
The company is 75% owned by Shuanghui, which is in turn owned by WH Group, which also owns Smithfield in the US. The other 25% is owned by Ch...