bmng
2021-07-06
Holycow
Vitasoy shares plunge after Chinese call online for boycott
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It was the biggest single-day drop since its listing in 1994.</p>\n<p>The broader Hong Kong market was flat.</p>\n<p>The staffer's memo offered condolences to the family of a 50-year-old Vitasoy worker who had stabbed a police officer, 28, and then killed himself on Thursday, the anniversary the former British colony's return to Chinese rule.</p>\n<p>Police and security officials have described the stabbing as a terrorist attack by a lone wolf, saying a computer they seized from his home showed he had been \"radicalised.\" Police did not provide further details about his alleged radicalisation.</p>\n<p>The officer's condition has improved to serious from critical.</p>\n<p>The Vitasoy worker's memo triggered a flood of online calls for a boycott of the company, which gets two-thirds of its revenue from mainland China.</p>\n<p>Mainland actor Gong Jun, who previously endorsed a Vitasoy lemon-flavoured drink, announced late on Friday he was ending commercial cooperation with the company, said Global Times, a tabloid published by the ruling Chinese Communist Party's official People's Daily newspaper.</p>\n<p>His announcement followed that of another mainland Chinese actor, Ren Jialun, who said he was also ceasing co-operation with Vitasoy, the newspaper added.</p>\n<p>Hong Kong authorities warned on Sunday that advocating for people to mourn for the attacker was no different from \"supporting terrorism\" and criticised parents who took children to mourn him.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVitasoy shares plunge after Chinese call online for boycott\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 10:56 GMT+8 <a href=https://finance.yahoo.com/news/vitasoy-shares-plunge-chinese-call-014607446.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HONG KONG (Reuters) -Shares of Vitasoy had their biggest ever drop on Monday after a worker sent around a memo offering condolences to the family of a colleague who stabbed a Hong Kong policeman, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/vitasoy-shares-plunge-chinese-call-014607446.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00345":"VITASOY INT'L"},"source_url":"https://finance.yahoo.com/news/vitasoy-shares-plunge-chinese-call-014607446.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185333077","content_text":"HONG KONG (Reuters) -Shares of Vitasoy had their biggest ever drop on Monday after a worker sent around a memo offering condolences to the family of a colleague who stabbed a Hong Kong policeman, triggering online calls in China for a boycott of the company.\nIn a statement on the Chinese social media platform Weibo on Saturday, Vitasoy said a staff member had circulated a memo that it described as \"extremely inappropriate\" without authorisation, and the company reserved the right to take legal action.\nShares of Vitasoy were down 14.6% at HK$25.1, levels not seen since April 2020. 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