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Samsung BioLogics trading suspended after fraud ruling

South Korean financial regulator orders delisting review

Samsung BioLogics breached accounting rules before its stock exchange listing in 2016, according to South Korea's top financial regulator.

SEOUL -- South Korea's financial regulator suspended share trading of Samsung BioLogics on Wednesday and fined the world's third largest contract drugmaker 8 billion won ($7.05 million), after ruling that it had committed accounting fraud in 2015 to inflate its value ahead of an initial public offering in 2016.

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