Liquor Moutai opens higher on plasticizer clarification (2)

Following a similar scandal that emerged in 2011 in Taiwan, the company has scrutinized every link in its transportation and packaging processes and upgraded its production process in order to avoid contamination, the statement said.

Basing on the results of a self-examination, the Guizhou-based company said its products are in accordance with relevant authorities' requirements concerning plasticizer content limits.

The company also vowed in the statement to increase investment and enhance external cooperation in order to improve its food safety.

Kweichow Moutai expressed gratitude to investors, consumers and the public for their concern while inviting on-the-spot investigations via the statement.

Jiugui Liquor Co. has also suffered from the scandal, incurring huge losses due to consecutive share retreats.

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