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Trade: Heinz won't recall products
Updated: 2006-03-24 15:05
One year after the Sudan I incident, international food producer Heinz is
suffering from another credit crisis after the news came out that non-approved
genetically engineered rice was detected in the company's baby rice
cereal. In a recent business trip to Guangzhou, Heinz China's newly
appointed CEO Donald Gadsden said that up to now, no genetically engineered
elements were found in the company's products. All products produced by Heinz
are safe to eat and there is no need to recall them. (Chinanews.cn)
Investors have made money from almost all new listings so far this year on
their first trading day and the same happened yesterday also. Shares in China
National Building Material (CNBM), the largest building resources supplier on
the mainland, surged 20 per cent to HK$3.3 on its trading debut, against its
offering price of HK$2.75 per share. More than 380 million shares were traded
yesterday, generating a turnover of HK$1.25 billion. (HK
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