On March 11, the SEC identified the first five US-listed Chinese companies－fast-food restaurant chain Yum China Holdings Inc, which operates KFC in China; ACM Research Inc, a semiconductor manufacturer; and three other biopharmaceutical companies－for failing to follow the HFCAA.
3月11日，美国证券交易委员会确定了首批五家在美国上市的中国公司——在中国经营肯德基的快餐连锁店百胜中国控股有限公司；半导体制造商ACM研究公司；以及其他三家生物制药公司——因为它们没有遵守HFCAA。
The five companies include fast-food restaurant company Yum China Holdings Inc, semiconductor manufacturer ACM Research Inc and biopharmaceutical companies of BeiGene Ltd, Zai Lab Ltd and Hutchmed (China) Ltd.
ACM Research responded that the holding shareholder is making efforts to meet the SEC requirements before the due date in 2024 while a similar statement has been made by BeiGene.
ACM Research sank by 22.05 percent to end at $63.80, BeiGene dropped 5.87 percent to settle at $184, Zai Lab tumbled 9.02 percent to close near a year low at $35.50, and Hutchmed fell by 6.53 percent to end at $18.48.
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