$17 Education & Technology (YQ.US)$ Recently, the Securitie...
Recently, the Securities and Exchange Commission (SEC) official website published a list of five Chinese concept stocks companies. SEC stated that under the Holding Foreign Companies Accountable Act (HFCAA), if a foreign listed company fails to submit the reports required by the Public Company Accounting Oversight Board (PCAOB) for three consecutive years, SEC has the authority to delist it from the exchange. SEC finalized this temporary list on March 8, including Beigene, Yum China, Zai Lab, SMIC, and Hutchmed (China). These five companies can provide evidence to SEC by March 29 to prove that they do not meet the delisting criteria.
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