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News >Bizchina

Shuanghui trading resumes

2011-04-19 17:09

Trading resumed Tuesday for shares of China's largest meat processor after a 34-day suspension due to a scandal involving illegal additives.

Shares of the Shenzhen-listed Henan Shuanghui Investment & Development Co Ltd fell by 9.99 percent to 70.15 yuan per share when the day opened.

Analysts estimated Shuanghui's shares may fall by 20 to 30 percent before stabilizing, Shanghai Morning Post reported.

Shares listed in Shanghai or Shenzhen can fluctuate by 10 percent at most each trading day.

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