US Adds China’s Wuxi Biology to ‘Unverified List’; Share Dive

HONG KONG — Shares in one of China’s most valuable biotech companies plummeted on Tuesday, losing almost a quarter of their value after the US Commerce Department flagged concerns about the company. This is for US exporters.

Two units of Wuxi Biologics (Cayman) Inc., a Jiangsu-based company whose shares are listed in Hong Kong, are among 33 Chinese institutions that have been added to the “list of 33 Chinese institutions by the Ministry of Commerce” unverified” on Monday.

https://www.wsj.com/articles/u-s-adds-chinas-wuxi-biologics-to-unverified-list-shares-dive-11644295609?mod=rss_markets_main US Adds China’s Wuxi Biology to ‘Unverified List’; Share Dive

Ian Walker

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