Caixin
Nov 19, 2018 06:55 PM
FINANCE

Data-Faking Vaccine Firm to Be Kicked Off Stock Exchange Under New Rules

The Changsheng Biotechnology Co. Ltd. building is seen in Changchun, Jilin province, on July 23. Photo: VCG
The Changsheng Biotechnology Co. Ltd. building is seen in Changchun, Jilin province, on July 23. Photo: VCG

* Announcement comes same day as Shanghai and Shenzhen stock exchanges issue the final versions of tough new delisting rules

* The China Securities and Regulatory Commission fined the company an additional 600,000 yuan, and it banned four executives for life from running a publicly listed company

(Beijing) — The high-profile scandal of Changsheng Bio-Technology Co. Ltd., which fabricated data on its vaccines for infants, has left the vaccine-maker on the cusp of getting booted from the stock exchange.

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