Chinese drug maker scrambles after shares plunge on reports ex-chairman arrested for murder

//Chinese drug maker scrambles after shares plunge on reports ex-chairman arrested for murder

Chinese drug maker scrambles after shares plunge on reports ex-chairman arrested for murder

A large pharmaceutical company in northeast China’s Heilongjiang province scrambled to do damage control after news its former chairman and controlling shareholder had been arrested on murder changes sent its share price into a tailspin.Sunflower Pharmaceutical Group issued a response to an inquiry by the Shenzhen Stock Exchange saying operations are not affected by the arrest. Its stock plummeted 10 per cent – that daily limit in China – in just 12 minutes on Wednesday. The company’s shares…

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By | 2019-04-11T07:39:16+00:00 April 11th, 2019|Business|Comments Off on Chinese drug maker scrambles after shares plunge on reports ex-chairman arrested for murder