Ann: Trading Halt, page-153

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wisdomofsilence

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03/04/20

03:10

Post #: 43852934
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Originally posted by elainee: ↑

That "alibaba supply company" you're referring to owns two overseas labs apart from Guangzhou, with one branch in Chicago and eleven overseas offices. Wondfo is listed on the Chinese stock exchange and its sp recently went up by approximately 40% after receiving multiple approval for the supply of their COVID19 testing kit, both nationally and overseas (EU, Aus).

Wondfo's COVID19 colloidal testing kit was one of the only five Colloidal test kit companies to have received the CFDA certificate under the National Medical Products Administration (China).

Furthermore, around 24 hours ago, China announced that it strictly prohibits the export of ALL medical equipment without prior approval from both the CFDA, Approval to Export, and as well as the importing country's relevant administrative body* (here we specifically refer to TGA's approval on the ARTG).

Around 14 hours ago, Wondfo (along with 27 other companies) initiated the "COVID19 Exporting Alliance" after receiving the Approval to Export as set out by the China Ministry of Commerce, and again, was one of the very few companies to be receiving this approval.** This move was subsequently publicly praised by the Chinese government.

Perhaps, do a little bit more research next time. What we see may be the tip of an iceberg.

*Source: sina.com
**Source: gov.cn

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Great first post.
Welcome to the mad house.

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Ann: Trading Halt, page-153

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