WuXi companies again deny links to military

WuXi AppTec (2359) reiterated that it has no ties with any government or armed force, according to a filing yesterday

And WuXi Biologics (2269) also reiterated yesterday its chief executive Chen Zhisheng had no military connections.

This came after their shares plunged on Friday amid renewed investor concerns over a proposed US legislation that would ban the Chinese medical technology firm and its units from government contracts.

A bipartisan group of House and Senate lawmakers has proposed legislation aimed at blocking some Chinese biotech companies - which they said are controlled by the Communist Party - from federal contracts.

WuXi Biologics also said it will continue to execute share buybacks.

Separately, China's top memory chip maker YMTC said its technology is not for military use after it was added to a Pentagon list of entities assisting China's military.