![]() ![]() (hereinafter referred to as "Merck & Co Inc China") officially signed a memorandum of cooperation, demonstrating their intention to explore innovative ways of cooperation in the fields of patient health management, digital technology and digital pharmaceutical industry, so as to help the implementation of the "healthy China" strategy. (hereinafter referred to as "Zero Krypton Technology" or "Zero Krypton") and Merck & Co Inc (China) Investment Co., Ltd. November 8, Zero Krypton Technology (Tianjin) Co., Ltd. Zero Krypton Technology and Merck & Co Inc China have reached a cooperation to explore a new path of digital cooperation in the pharmaceutical industry. LinkDoc Technology Had Planned IPO of American Depositary Shares, Nasdaq Listing LinkDoc Technology Withdrawing Registration Statement for Proposed IPO ![]() ![]() said it has withdrawn its registration for an initial public offering, citing market conditions. LinkDoc Technology Scraps IPO, Citing Market Conditionsīy Will Feuer China-based medical data company LinkDoc Technology Ltd. In May, Reuters reported that Beijing was pressing audio platform Ximalaya to drop US listing plans and opt for Hong Kong instead, with one source at the time citing Beijing's concerns that US regulators will potentially gain more access to audit documents of New York-listed Chinese companies.Īnalysts also note the tougher stance coincides with new US regulations being rolled out that could see Chinese companies delisted if they do not comply with US auditing rules.LinkDoc Technology Filed to Withdraw U.S. The tougher stance by the Cybersecurity Administration of China has been driven in part by concerns that the United States could gain greater access to data owned by Chinese firms - similar to concerns that the previous Trump administration had voiced about Chinese firms operating in the United States. So far this year, a record $12.5 billion by Chinese firms has been raised from 34 US listings, Refinitiv data shows, well up from the $1.9 billion from 14 deals in the same period a year ago.Įight Chinese companies including home service platform Daojia Ltd and Atour Lifestyle Holdings have made public filings with the Securities and Exchange Commission (SEC) to list in the US later this year, a review of the filings showed. US capital markets have been a lucrative source of funding for Chinese firms in the past decade, especially for technology companies looking to benchmark their valuations against listed peers there and tap an abundant liquidity pool. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. LinkDoc did not immediately respond to a request for comment. The sources declined to be identified as the information has not yet been made public. The book closed one day earlier than planned on Wednesday, one of the three sources and a separate person said. It had planned to sell 10.8 million shares between $17.50 and $19.50 each. ![]()
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