Shuanghui Subsidiary's Pork Tests Positive for Lincomycin at 37 Times Standard Limit; Stock Falls 3.9%

GateNews

According to First Financial, Shuanghui Development's subsidiary's pork products tested positive for lincomycin at 37 times the standard limit on May 25. On May 26, the company's stock fell 3.9% to 24.8 yuan per share, with market capitalization at 85.9 billion yuan.

The company attributed the excess to lincomycin usage in upstream pig farming operations rather than internal processing issues. Shuanghui stated it would strengthen supplier management and increase detection frequency for antibiotic residues.

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