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Genscript set for biggest one-day drop since April 2025; says company secretary has died

By Reuters News

** Shares of Genscript Biotech Corp 1548.HK drop as much as 17.5% to HK$29.5

** Stock last down 16.3%, on track for the biggest one-day pct fall since April 7, 2025

** Top pct loser in Hang Seng Biotech Index .HSBIO, which falls 3.3%

** The life science research products and services provider says Sophie Lam, its company secretary and authorised representative of the company under the Companies Ordinance, was confirmed passing away on October 28. It gave no further detail

** Company says it will have no Company Secretary and Authorised Representative under the Companies Ordinance, which will constitute a non-compliance with Rules Governing the Listing of Securities on the Stock Exchange and the Companies Ordinance

** "The Board will identify a suitable candidate to fill the vacancies of the Company Secretary and Authorised Representative under the Companies Ordinance as soon as practicable" - Genscript

** YTD, stock up 141.2%, benchmark Hang Seng Index .HSI down 8.4%

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