China’s Walvax Biotech Withdraws Hong Kong IPO – Caixin

Walvax Biotechnology has announced it will terminate its plan for a Hong Kong initial public offering, Caixin reported, with the company citing market conditions and business development plans.

The Kunming-based company also said it would expand its pneumonia vaccine production capacity with an investment of 695 million yuan ($109.2 million).

Read the full report: Caixin.

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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