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  • September 20, 2014
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  1. News - China - FOOD SAFETY

    Taiwan premier bans sale of 235 food companies’ products as ‘gutter oil’ scandal grows

    Posted Sep 05th 2014, 07:20pm by Lawrence Chung in Taipei and Alice Yan Lawrence.chung@scmp.com

    ... products produced by 235 local food companies removed from shelves before Monday, as new findings showed these firms all used “gutter oil” – not suitable for human consumption – bought from a supplier at the centre of a food scare. At least 240 tonnes of the drainage oil – allegedly recycled from kitchen waste, by-products from leather processing plants, such as pig skin and meat offal ...

    http://www.scmp.com/news/china/article/1586065/taiwans-premier-bans-sale-235-food-companies-products-gutter-oil-scandal
  2. Business - China Business - ENERGY

    Datang International’s chemical production losses widen to 1.37b yuan

    Posted Aug 28th 2014, 10:22am by Eric Ng

    ... was offset by lower profits from coal mining and chemicals production. The first-half profit amounted to 44.8 per cent of the average full-year estimate of 4.53 billion yuan by analysts polled ... of operating loss of its chemical production business to 1.37 billion yuan, from a loss of 519 million yuan in the first half last year. Output of the key product polypropylene from its Duolun ...

    http://www.scmp.com/business/china-business/article/1581383/datang-internationals-chemical-production-losses-widen-137b
  3. News - Hong Kong - FOOD SAFETY

    Hong Kong, Taiwan ban 'gutter oil' firm's products

    Posted Sep 12th 2014, 11:40pm by Emily Tsang and Lawrence Chung

    ... will prohibit the sale of all products made with lard or cooking oil supplied by Taiwanese company Chang Guann- accused of selling tainted edible oil. The government will release a list soon of the affected products, which will be confiscated and destroyed. The announcement came hours after Taiwan extended a ban on the tainted oil to all edible oils supplied by the company and all food made ...

    http://www.scmp.com/news/hong-kong/article/1591322/hong-kong-taiwan-ban-gutter-oil-firms-products-and-food-made-them
  4. News - Hong Kong - FOOD SAFETY

    Another 141 firms linked to 'gutter oil' products named by Hong Kong watchdog

    Posted Sep 17th 2014, 04:35am by Danny Mok

    ... Danny Mok danny.mok@scmp.com More firms linked to 'gutter oil' products The Ajisen Ramen chain, the Yeh Lam Kwok group of restaurants and the graft-buster's staff canteen ... have used or distributed lard and cooking oil made by Taiwanese edible oil supplier Chang Guann. An initial list on Sunday named 383 local traders which might have used edible oil products ...

    http://www.scmp.com/news/hong-kong/article/1594275/more-firms-linked-gutter-oil-products
  5. News - Hong Kong - FOOD SAFETY

    City companies which supplied Taiwanese 'gutter oil' firm probed

    Posted Sep 10th 2014, 04:12am by Timmy Sung and Lawrence Chung

    ... that Globalway, a trading company, bought lard oil, a product used only for industrial purposes, from the Po Yuen Lard Company, a Yuen Long manufacturer. Globalway then sold the oil to Taiwanese firm ... company had exported two pork floss products made from tainted oil. In a related development, fast food chain Cafe de Coral said it did not know that a lard product supplied by Lam Soon Group, ...

    http://www.scmp.com/news/hong-kong/article/1588975/city-companies-which-supplied-taiwanese-gutter-oil-firm-probed
  6. News - Hong Kong - FOOD

    Hong Kong bans Taiwan firm's 'gutter oil' products; 300 businesses involved

    Posted Sep 15th 2014, 06:29am by TIMMY SUNG

    ... 300 businesses involved The government yesterday banned the import, sale and supply of all lard and lard products made after March 1 by the Taiwanese firm at the centre of the "gutter oil" scandal. The ban also covers all food products made by the lard oil supplied by Chang Guann. Six local importers and some 300 distributors and retailers will have to recall and seal all ...

    http://www.scmp.com/news/hong-kong/article/1592585/gutter-oil-taiwan-officially-banned-hong-kong
  7. Business - Banking & Finance - BANKING

    China’s Evergrowing Bank hit by 4b yuan credit product default

    Posted Sep 12th 2014, 02:40pm by Reuters

    ... million yuan of interest payments under off-balance-sheet products issued by one of its shareholders and an affiliated company, the paper said on its website. That sum accounted for 57.8 per cent ... paid 2.7 billion yuan in two tranches. The products were due to be repaid by the shareholder and the affiliated company at the end of August. Currently, it was unclear where the 3.7 billion ...

    http://www.scmp.com/business/banking-finance/article/1590852/chinas-evergrowing-bank-hit-4b-yuan-credit-product-default
  8. News - China - FOOD SAFETY

    Taiwan orders complete pullout of products linked to ‘gutter oil’ firm

    Posted Sep 12th 2014, 06:27pm by Lawrence Chung

    ... Lawrence Chung in Taipei lawrence.chung@scmp.com Taiwan will begin removing all products linked to under-fire oil producer Chang Guann this Saturday over the “gutter oil” scandal, as authorities further questioned a company executive over imports. The Food and Drug Administration of Taiwan ordered all food and cooking oil linked to the Kaohsiung-based supplier to be pulled from ...

    http://www.scmp.com/news/china/article/1591053/taiwan-orders-complete-pullout-products-linked-gutter-oil-firm
  9. Business - China Business - ENERGY

    Jiangnan to fund production line expansion with HK$620m placement

    Posted Sep 12th 2014, 09:32am by Langi Chiang

    ... raise HK$620 million in a share placement to expand production lines. Chairman Rui Fubin, his son Rui Yiping and his son-in-law Chu Hui currently control 60.34 per cent of the group. In a filing ... cent. “The directors have considered various ways of raising funds and consider that the placing and the subscription represent a good opportunity to raise capital for the company while ...

    http://www.scmp.com/business/china-business/article/1590700/jiangnan-fund-production-line-expansion-hk620m-placement
  10. News - China - FOOD SAFETY

    Taiwan's 'gutter oil' scandal grows with further 195 firms said to have used product

    Posted Sep 07th 2014, 05:08am by Lawrence Chung, SHIRLEY ZHAO

    ... found to have] bought the oil in question were found to have used it to produce or process into 110 kinds of products," Yeh Ming-kung, head of the administration, said. One company, Gassho, ... not rule out the possibility of it being sold outside Taiwan, including Hong Kong and the mainland," one official said. At least 10 Taiwanese food companies have subsidiaries or products ...

    http://www.scmp.com/news/china/article/1586895/taiwans-gutter-oil-scandal-grows-further-195-firms-said-have-used-product

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