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Thursday, July 24, 2014

McDonald's takes chicken nuggets off menu in Hong Kong amid food scare, (NYSE: MCD)

McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it had imported products from Shanghai Husi Food, the U.S.-owned company at the centre of a food safety scare in China.McDonald's said in a statement late on Thursday it had imported certain products from Shanghai Husi between July last year to June this year, although no food items from the Shanghai supplier remained in stock.The fast-food company said it had also stopped selling its McSpicy chicken filets, chicken and green salads, fresh corn cups and iced lemon tea. McDonald's said it had stopped using the following ingredients from another branch, Guangzhou Husi: lettuce, corn kernels, lemon slices, green salad, cucumber, onion and tomato."We reiterate that until today, all the food sold at McDonald's restaurants conform to the food safety standard under Hong Kong legal regulations," McDonald's said.

McDonald?s Corporation franchises and operates McDonald?s restaurants in the global restaurant industry. Shares of MCD remained unchanged at $95.35. In the past year, the shares have traded as low as $92.22 and as high as $103.78. On average, 4511780 shares of MCD exchange hands on a given day and today's volume is recorded at 7781720.