Synutra International Rises After China's Health Ministry Removes Doubts Surrounding Its Milk Powder

Shares of Synutra International Inc SYUT are rising after the China's Health Ministry removed the doubts surrounding its milk powder. SYUT’s shares jumped 15.80% to $14.22 at 2:10 pm. After the clinical tests of SYUT’s milk powder, China's Health Ministry ruled out that the powder contains acceptable levels of hormones and did not cause any premature development in girls. Synutra International’s shares have lost 29.47% over the past week and fell 9.10% so far this year. Read more from Benzinga's Company news.