Chinese Meat Giant Shuanghui Fined $19 Million Over Excessive Antibiotic Residues
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Chinese meat processing giant Henan Shuanghui Investment and Development Co. Ltd. (000895.SZ) and related parties have been fined a combined 125.5 million yuan ($19 million) over pork products containing excessive antibiotic residues.
The Shenzhen-listed company, its subsidiary and related directors and senior executives were fined about 36.1 million yuan, 33.1 million yuan and a combined 56.4 million yuan, respectively, according to an exchange filing Friday.
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