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You could call it a water fight. Nongfu Spring Co. Ltd (9633.HK) has clashed with Hong Kong’s consumer watchdog over beverage safety tests while waging a fierce price war with other Chinese producers of bottled water.
The row bubbled up in July when the Consumer Council published test results for various types and brands of bottled water sold on the Hong Kong market. A sample from Nongfu Spring, the market leader, was found to contain traces of a chemical that were said to reach the permitted limit under European standards for mineral and spring water.
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