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Sinovac Biotech Delays Annual Filing

Sinovac Biotech Delays Annual Filing

by Rick Turoczy on June 30, 2006

Chinese vaccine maker Sinovac Biotech Ltd. said Friday it won’t file its 2005 annual report on time, in order to review possible problems with personal loans to two former corporate officers.

Sarbanes-Oxley regulations prevent issuers from extending or maintaining personal loans to directors or executive officers, subject to certain exceptions.

Sinovac Biotech Delays Annual Filing

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