(Yicai Global) July 8 -- Shares of China Feihe surged after the dairy company refuted Blue Orca Capital's allegations of exaggerating its revenue in 2018-2019.

Feihe's stock price [HKG:6186] jumped 7 percent in the afternoon after this morning's slump. The firm expects its revenue to climb more than 40 percent in the first half of this year from a year ago, the Beijing-based company said at noon.

Editor: Emmi Laine