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Sino Grandness shares tumble, triggering SGX query

Update

Sino Grandness shares tumble, triggering SGX query

Chan Chao Peh Published on Mon, Aug 01, 2016 / 12:47 PM GMT+8

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SINGAPORE (Aug 1): Shares of Sino Grandness Food Industry Group fell by nearly a third today, earning a query from the Singapore Exchange at 10.14am.

The unusual price movement followed the online publication on a China website of a list of 310 food and beverage products that were recently inspected by Hubei authorities.

The website, China Quality News, reported that out of 310 products randomly tested, 11 were not up to mark. The remaining 299 passed the inspection.