Mengniu Plunges Most Since September 2008 on Tainted Milk
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China Mengniu Dairy Co., the nation’s largest milk producer, fell the most in more than three years in Hong Kong trading after saying moldy feed given to cows led to excessive levels of a toxin in its milk.
Mengniu declined 24 percent to HK$20 at the close in Hong Kong, the most since September 2008. China Modern Dairy Holdings Ltd., a Mengniu supplier, fell 13.4 percent.