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URC is?
URC Vietnam Company Limited owned by Universal Robina Corporation (URC) - a consortium of producers, the food business, leading beverages Philippines. URC investment in Vietnam over 10 years with management experts mainly coming from the Philippines and India. In addition to Red Dragon C2 and is said to be "the silent killer", the URC also produces and distributes many other items such as Cream Cake - O, Magic, Piatos, Funbite, Candy Dynamite ...
We can say URC is carrying a big ambition, want to dominate the Vietnam market to cater to the huge Asian market. Recently, the big lesson from Big C to kill Vietnamese enterprises still ache, but now the more a poisoned URC than 90 million people in Vietnam is a big warning bell for the "facile" of Vietnam for foreign businesses today.
the stock market is always very sensitive and this time has made a very accurate assessment of disaster lead poisoning from these products URC. In just over 03 weeks after the appearance of information on the Department of Health tests and conclusions about lead levels in excess of Red Dragon C2 and regulations on Vietnam market, the share price of the URC to 31 / 05/2016 fell nearly 7%, ie value URC lost about 630 million dollars (URC capitalization of 400 billion pesos, equivalent to US $ 9 billion).
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