Henan Shuanghui Investment & Development (SHE:000895) was slapped with a 34 million yuan fine and an order to confiscate 1.7 million yuan in illegal gains by the Luohe City Animal Husbandry Bureau after pork products from its Wangkui subsidiary tested positive for the antibiotic lincomycin, exceeding national residue limits.
The regulator also issued individual financial penalties against the meat producer's chair, president, vice president, and chief engineer, according to a weekend filing with the Shenzhen bourse.
Shares of the company were down 1% in recent trade following the announcement.
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