Chinese pork processing giant WH Group said allegations made by the chairman's son were "untrue" and "misleading".
WH Group noted media reports citing allegations against the group made by Wan Hongjian, chairman Wan Long's son and a former executive director who was removed in June.
The company did not give any details on the reports, and said it was not aware of any reasons for a 10 percent drop in its share price on Wednesday.
The son earlier alleged that his father did not make declarations over a US$200 million income he made 15 years ago and did not pay taxes.
