Maiquer has stopped pure milk production

According to the Securities Times, McWell announced on the morning of July 4 that the company has recently been investigated by the market supervision and management department for pure milk detection.The company has stopped the production of pure milk and unqualified products from the shelves, sealed, and recalled; the company promised to return the goods unconditionally and refund the consumers who have purchased unqualified pure milk;It also rectifies to report the investigation to the market supervision and management department in a timely manner; the company will actively cooperate with the investigation and processing of the market supervision and management department, and will not refuse or escape, and take the initiative to take the corporate responsibility.The company's pure milk business accounts for about 50%of the overall operating income. It is expected that this incident will have a negative impact on the pure milk business during the rectification, which may affect the company's phased operation performance.

Earlier reports: The General Administration of Market Supervision requires strict investigations of Meloel pure milk to detect propylene glycol

Sichuan Observation (Source: Securities Times)

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