“Trading in NuSkin stock has been halted after cratering 21.6% during today’s trading day.
Earlier this week, the multi-level marketing firm was the subject of a negative article in The People’s Daily” in China.
The article claimed that the company lies to its distributors, was sold without proper regulatory approvals, and made inaccurate scientific claims.
NuSkin fire back with a press release that said the article itself was inaccurate:
“We are dedicated to operating in full compliance with applicable regulations as interpreted and enforced by the government of China,” it continued. “Nu Skin has an 11-year history of doing business in China under these regulations. Our business activities are regularly monitored by the government in this rapidly growing marketplace. As is our practice, we will communicate openly with regulators to address questions arising from this article….”
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