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VisitWill Nongfu Spring's stock price increase by more than 10% by December 31, 2024?
Yes • 50%
No • 50%
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Hong Kong Consumer Council Apologizes to Nongfu Spring and Ganten for Inaccurate Bromate Report
Jul 17, 2024, 09:51 PM
The Hong Kong Consumer Council has issued an apology to Chinese bottled water giants Ganten and Nongfu Spring after an inaccurate report. The council had initially found that the bromate levels in the bottled water products of Ganten and Nongfu Spring were at the maximum limit set by the EU, which caused significant backlash from the companies. The tests were conducted on 30 brands of bottled water, and 3 micrograms per liter of bromate was detected in the products of Ganten and Nongfu Spring. Nongfu Spring, in particular, criticized the report as 'unscientific' and demanded an apology. The Consumer Council later clarified that the tests were mistakenly conducted based on natural mineral water standards and confirmed that the products meet relevant safety standards. Following the apology, Nongfu Spring's stock rebounded by about 4%. Ganten is run by China’s richest person.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
Decrease by less than 10% • 25%
Increase by more than 10% • 25%
Decrease by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by more than 10% • 25%
Decrease by less than 10% • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%