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Venus Medtech still seeking cure for governance problems

The transcatheter maker’s shares were suspended last November, and it must still meet several conditions from the Hong Kong Stock Exchange before trading can resume

This article only represents the author's own views.

Venus Medtech (Hangzhou) Inc. (2500.HK) is desperately trying to cure its corporate ailments, after first uncovering governance issues nearly a year ago. But the Hong Kong Stock Exchange isn’t satisfied that the transcatheter device maker is healthy enough just yet to resume trading.

Last week, Venus Medtech disclosed that the stock exchange has laid out five conditions the company must meet before its shares can trade again, following its disclosure last May that it failed to properly disclose loans made by the company to its chairman and general manager.

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