Sino Grandness says all four beverages passed inspection

SINGAPORE (Aug 1): Sino Grandness Food Industry Group says in a response to an Singapore Exchange’s (SGX) query that it is not aware of any news which may have caused the volatility of its share price.

But it did receive email enquiries from shareholders and investment communities regarding to an article which they have “misread to suggest that the company’s beverage and canned products had failed some quality tests in China recently”.

To recap, Sino Grandness received a SGX query at 10.14am regarding its trading activity after its share price fell by nearly a third.

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