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Hutchmed Roils Markets With Changing of Its Guard, U.S. Delisting Threat

U.S. securities regulator singles out company for potential delisting, a week after Hutchmed announced its CEO will step down after almost 22 years.

This article only represents the author's own views.

Talk about getting hit when you’re already down.

Just as it was trying to soothe investors worried about the imminent retirement of its longtime CEO, Hutchmed (China) Ltd. (HCM.US; 0013.HK; HCM.L), the cancer drug specialist backed by Hong Kong billionaire Li Ka-shing, has been included on a new U.S. blacklist, this one launched by the U.S. securities regulator singling out Chinese companies in danger of delisting.

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