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News and analysis on the global poultry
and animal feed industries.
on April 14, 2011

China poultry supplier comments on recent stock volatility

Stock values down 19.8% on April 13

Yuhe International Inc. has said that it is not aware of any specific reason for the slide of its stock value, which dropped 19.8% to close at $5.34 per share on April 13.

"The company's management is not aware of any negative allegations against the company with respect to its operations that may result in the sudden price plunge of its stock," said Zhentao Gao, chairman and CEO of the company. "We continue to operate our business well and the price of our day-old broilers remains in a favorable range. The company has been and will continue to comply with the applicable U.S. securities regulations and to disclose any material information publicly in a timely fashion." 

The company stock's year-to-date performance is at -40.22%.

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