Turmoil for Samsung BioLogics ahead of watchdog decision on accounting oddities

13 November 2018

Shares in Samsung BioLogics (KS: 207940) climbed 9% on Tuesday, as concerns over the firm being delisted due to accounting irregularities appeared to subside.

The uptick comes after the firm lost over 15% of its share price on Monday, as investors fretted that regulators, due to meet this week to discuss the matter, could take a dim view of the South Korean conglomerate's practices.

The Securities and Futures Commission (SFC), an auditing division of the country’s financial watchdog, the Financial Services Commission (FSC), will meet on Wednesday, but is now thought unlikely to order that the firm be delisted.

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