Tongrentang shares down on expired honey woes

Tongrentang, a Beijing-based time-honored traditional Chinese medicine provider, saw its share price decline after reports say it used expired honey as a raw material in its products.

On Saturday night, a news report by Jiangsu TV reported that a honey provider that supplies Tongrentang in Yancheng, Jiangsu province, was suspected of producing honey in an illegal manner.

The honey maker is accused of processing returned honey and changed the labeled date of production.