WuXi AppTec rises after Pentagon removes firm from Chinese military list
BUZZ-WuXi AppTec rises after Pentagon removes firm from Chinese military list ** Hong Kong shares of WuXi AppTec 2359.HK rise 6.1% to HK$210, their highest level since October 12
** Stock marks its biggest intraday pct gain since November 4
** Shanghai-listed stock of the Chinese biotechnology company 603259.SS climbs 5% to 157.8 yuan, its highest point since October 16
** The Pentagon removed WuXi AppTec from its list of Chinese military companies, according to a government posting on Monday
** "This decision relieves the company from further adverse consequences of the 1260H designation," WuXi AppTec said in a filing to the Hong Kong bourse on Tuesday morning, referring to the list, which is kept under Section 1260H of a US defense law
** YTD, Hong Kong stock up 104.9%, Shanghai-listed shares up 69.5%, Hang Seng Biotech Index .HSBIO up 8.3%
(Reporting by Donny Kwok)
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WuXi AppTec rises after Pentagon removes firm from Chinese military list
Brief: WuXi AppTec Notes Removal Of Co As Chinese Military Company Under Section 1260H List
WuXi Apptec removed from Pentagon list of Chinese military companies (updated)
Wuxi Apptec removed from Pentagon list of chinese military companies