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2021-07-06

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Vitasoy shares plunge after Chinese call online for boycott

HONG KONG (Reuters) -Shares of Vitasoy had their biggest ever drop on Monday after a worker sent aro

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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