TSXV:EAST.H - Post by User
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Mhysa99on Jul 13, 2020 4:59pm
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Suspended till July 22nd
Suspended till July 22ndUNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION July 8, 2020
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In the Matter of : : EastWest Bioscience Inc. : ORDER OF SUSPENSION : OF TRADING File No. 500-1 :
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It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension in the trading of the securities of EastWest Bioscience Inc. (“HBOSF” or “the Company”) because of questions regarding the accuracy and adequacy of information that HBOSF is providing to the marketplace since at least May 28, 2020.
Those questions relate to statements HBOSF made about the U.S. Food and Drug Administration’s approval of the Company’s hand sanitizers in a May 28, 2020 press release issued by the Company.
HBOSF is a Canadian corporation based in Vancouver, British Columbia. The Company’s common stock is quoted on OTC Link LLC (previously “Pink Sheets”) operated by OTC Markets Group Inc., under the symbol HBOSF. As of July 6, 2020, HBOSF’s common stock had seven market makers, and was eligible for the “piggyback” exception of Rule 15c2- 11(f)(3) under the Securities Exchange Act of 1934.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed Company.
THEREFORE, IT IS ORDERED, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT on July 9, 2020 through 11:59 p.m. EDT on July 22, 2020. By the Commission. Vanessa A. Countryman Secretary