Chinese biotech company BeiGene plunges on Shanghai debut | Malay Mail

📆 15/12/2021 9:21 PM
📰 malaymail

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

BEIJING, Dec 15 — Chinese biotech company BeiGene Ltd plunged on its Shanghai debut today after raising US$3.5 billion (RM14.8 billion) in the biggest STAR Market listing this year. BeiGene, which posted consecutive years of losses, tumbled more than 15 per cent in early trading, after opening...

BEIJING, Dec 15 — Chinese biotech company BeiGene Ltd plunged on its Shanghai debut today after raising US$3.5 billion in the biggest STAR Market listing this year.

BeiGene’s Nasdaq-listed shares have tumbled nearly 20 per cent so far this month, as US securities regulators finalished rules to kick non-compliant Chinese companies off American exchanges in three years — a risk BeiGene flagged in its Shanghai share sale prospecutus. BeiGene’s Hong Kong-traded shares lost over 4 per cent today, having also tumbled one fifth this month.

Write Comment

Just like COVID experimental Vaccine, the evil corrupt politicians were exposed

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US to add eight Chinese companies to investment blacklist, reports FT | Malay MailNEW YORK, Dec 15 — The United States will add eight Chinese companies, including the world’s largest commercial drone manufacturer DJI Technology Co Ltd, to an investment blacklist this week, the Financial Times (FT) reported on Wednesday. The US Treasury will put the companies on its...
Source: malaymail - 🏆 1. / 86 Read more »