Chinese Dairy Firm Fined Nearly $11 Million Over Additive in Its ‘Pure’ Milk

What’s new: Chinese dairy producer Maiquer Group Co. Ltd. (002719.SZ) was penalized 73.2 million yuan ($10.7 million) for putting an undeclared additive in its pure milk products, according to a Monday exchange filing.

The company, based in the Xinjiang Uyghur autonomous region, said its customers had received refunds on 4.6 million yuan worth of substandard milk products, according to a Monday exchange filing. In addition, the local market watchdog confiscated unsold items worth 360,200 yuan.