Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Associated Press August 16, 2010, 12:33PM ET

Synutra shares up following Health Ministry report

Shares of Synutra International Inc. rose 20 percent in Monday trading after China's Health Ministry this weekend cleared the company of any link between its milk powder and apparent breast growth in babies.

Parents had complained that three babies developed breasts after drinking the formula made by Synutra. But the nation's Health Ministry announced Sunday that they found no link between the powder and the company's formula.

Researchers "found nothing abnormal about the amount of hormones contained in milk powder from Synutra and other brands" after testing samples from 14 producers, the ministry said.

The scandal would have been a major stumble both for the company and the country, which has had several major product safety incidents.

Liang Zhang, CEO of Synutra, said the company is pleased with the test results and continues its "steadfast commitment to product quality and consumer safety."

Shares of the infant formula company rose $2.43 to $14.71 in midday trading.

BW Mall - Sponsored Links

Buy a link now!