SINOVAC Beijing Settled Litigation of Its Business License and Seals
SINOVAC Biotech Ltd. (NASDAQ: SVA) (SINOVAC or the Company), a leading provider of biopharmaceutical products in China, announced the Companys subsidiary SINOVAC Biotech Co., Ltd (SINOVAC Beijing) settled the litigation with Mr. Aihua Pan concerning its business license and seals.
- SINOVAC Biotech Ltd. (NASDAQ: SVA) (SINOVAC or the Company), a leading provider of biopharmaceutical products in China, announced the Companys subsidiary SINOVAC Biotech Co., Ltd (SINOVAC Beijing) settled the litigation with Mr. Aihua Pan concerning its business license and seals.
- Mr. Pan subsequently obtained a re-issued business license of SINOVAC Beijing based on the false claim.
- : 1101081347485), contract seal and invoice seal (collectively, the Seals) by using the re-issued business license.
- With the settlement, Mr. Pan has returned the business license and the Seals to SINOVAC Beijing, and SINOVAC Beijing has withdrawn its claims with the Court.