(Reuters) – Chinese herbal shampoo maker BaWang International (Group) (1338.HK) said on Wednesday that the level of dioxane in its products is far below the safety limit prescribed by the authorities and will not jeopardize the health of users.
The Hong Kong-listed company made the statement in response to a media report that its products contained the cancer-causing chemical dioxane, sending its shares down 18 percent to HK$4.81 on Wednesday.
BaWang said in a statement obtained by Reuters that all of its products had undergone stringent quality tests and met standards required by the mainland and Hong Kong authorities.
(Reporting by Donny Kwok; Editing by Chris Lewis)