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Food & Beverage

Hong Kong drink maker struggles to recover from China boycott

Vitasoy profits plunge 94% on loss of soymilk producer's biggest market

Vitasoy sales gains in Hong Kong, Australia, New Zealand and Singapore failed to offset its losses in mainland China.   © Reuters

HONG KONG -- Hong Kong soymilk maker Vitasoy International Holdings saw its half-year net profit shrivel by 94.1% as Chinese consumers and retailers abandoned its drinks after the company was linked to an attack on a police officer in the city.

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