ID :
21083
Thu, 09/25/2008 - 15:33
Auther :
Shortlink :
http://m.oananews.org//node/21083
The shortlink copeid
CHINESE DAIRIES' STOCK DECLINING AFTER CONTAMINATED MILK CASE
Beijing, Sept 24 (ANTARA) - Three chinese dairies' share in the national stock market had been declining due to the contaminated milk case which has caused thousands of babies in China to fall ill -- and some even died.
Meanwhile, a big dairy companies, Yili Group, had a 10 percent drop in its shares and was closed at 9,93 Yuan.
Bright Dairy was also having their shares down 10 percent to e 4,03 Yuan.
Several analysts predicted that the three dairies' stocks would keep falling. This condition perhaps would even raise questions about the existence of those companies in the future since the Chinese government didn't issue any policy that could support their interests.
Meanwhile, a big dairy companies, Yili Group, had a 10 percent drop in its shares and was closed at 9,93 Yuan.
Bright Dairy was also having their shares down 10 percent to e 4,03 Yuan.
Several analysts predicted that the three dairies' stocks would keep falling. This condition perhaps would even raise questions about the existence of those companies in the future since the Chinese government didn't issue any policy that could support their interests.
