Vitasoy International Holdings Ltd. shares suffered their worst-ever plunge on Monday, as Chinese consumers called for a boycott over an employee memo offering condolences to the family of a colleague who stabbed a Hong Kong police officer and killed himself. The Hong Kong-listed beverage maker's shares plunged as much as 15% to 25.00 Hong Kong dollars, marking the stock's biggest single-day loss since its listing in 1994. The broader market in Hong Kong was down slightly, with the benchmark Hang Seng Index declining 0.7%. The case is now under active investigation by the Hong Kong police's national security department. The company also pledged to cooperate with and support Hong Kong authorities.

Source: Wall Street Journal July 05, 2021 06:33 UTC