Special Letter : RE: Coronavirus

With over 2,600 new cases of Coronavirus reported this past weekend, more than 37,000 cases have been recorded worldwide, including over 800 deaths. The good news is the number of new cases declined 20 percent, the first drop since Feb 1. But there is also concern there might be an increase in new cases as people return to work after the Lunar New Year.

The new respiratory virus was first identified in Wuhan, Hubei Province, China, with the vast majority of the cases in Mainland China. The outbreak created an international public health emergency with confirmed cases in at least 23 countries. The World Health Organization (WHO) declared a global health emergency, recommending travelers avoid all non-essential travel to China, resulting in canceled flights in and out of China and stranded travelers. Many countries, including the United States, evacuated their citizens, in an effort to keep the virus from spreading.

China’s leaders have been praised for their aggressive response, which included building a new hospital in 10 days, yet it appears local officials may have been slow to respond initially. Early on, many patients in the outbreak in Wuhan reportedly had a link to a large seafood and animal market, suggesting an animal-to-person spread. However, a growing number of patients reportedly had no exposure to the markets, indicating person-to-person spread is occurring. Currently, it’s unclear how easily or sustainably the virus is spreading.

The virus is impacting China’s economy and until health officials control its spread, China’s economy will slow down. China’s Central Bank injected 1.2 trillion Yuan ($174 billion USD) worth of liquidity into the markets to lessen the economic impact while researchers develop new medicine to combat the virus. Medical supply companies are working to meet the demand for masks, gloves and surgical suits, and many Chinese companies have donated or are actively supporting the state, local and central governments in the fight to control the outbreak.

The manufacturing industry will likely be impacted the most as workers fear exposure to the virus. Some small businesses are already experiencing the impact of having permanently shuttered their business. The tech industry can adapt, especially those with remote working options, allowing employees concerned with possible virus exposure to work from home. Other businesses, including grocery stores, are business as usual, or are flourishing. Delivery services, for example, are in demand as customers avoid shopping and daily errands. The true impact remains to be seen as the country returns to work following the Lunar New Year holidays.

Li Xu International and International M&A continue to monitor the developments surrounding the virus. We take an interest in the personal and business health of our clients and continue to ask the hard questions as to whether you have built a solid foundation and immune system to survive a similar unprepared attack or crisis. A strong immune system is the best medicine for people and future-proofing your business is key for your business.

With no vaccine to prevent the infection, officials around the world are taking steps the minimize exposure to those affected and encouraging people to take immediate actions to help prevent the spread of the virus, including:

Wash hands often with soap and water for at least 20 seconds or use an alcohol-based hand sanitizer that contains at least 60% alcohol if soap and water are not available.
Avoid touching your eyes, nose, and mouth with unwashed hands.
Avoid crowded places and close contact with people who are sick.
Wear a mask if you have respiratory symptoms such as cough and shortness of breath.
Stay home when you are sick.
Cover your cough or sneeze with a tissue, then throw the tissue in the trash.
Clean and disinfect frequently touched objects and surfaces.

Our global network includes many in China and we are genuinely concerned with their well-being. We are hearing of shortages of medical supplies, placing health workers in Wuhan at risk of exposure. The hospitals in Hubei province have formally asked for donations of medical supplies from the general public, including N95 and surgical masks, protective suits and hand sanitizers. We live and work in a global society and Wuhan needs help from all of us to fight the virus together, not just for China but for the wellbeing of all of us.
To assist those in China, we are seeking fair price suppliers of the following medical supplies:

  Standard Manufacturer
Mask N95/N99 (US standard: NOISH) 3M: 1860/9142,1870+
FFP2/ FFP3 (EU standard: EN149) UVEX (Germany)
KN95 (China standard: GB2626-2006)  
Protective Suits US Standard: ASTM F1671-97A Pupont: Tyvek series 1422A and 800TJ
3M: 4565
EU Standard: EN14126 Lakeland: AMN428ETS
China Standard: GB19082-2009  
Goggles Level 2 or above: medical safety goggles/protective eyewear 3M: 1621AF/1623AF

If you have any of the above medical supplies to sell, please email Lxu@intl-ma.com with your company name, website, unit price (fair price only), minimum quantity, earliest availability for shipment, contact person, and the best way to contact. The China side will be the local governments or factory owners. Please note we are volunteering and charge no markup. Please share your details in one email, and we can forward it to the people in need. 
 
For more information about 2019-nCoV and get new updates, visit the official website of Centers of Disease Control and Prevention: https://www.cdc.gov/coronavirus/2019-ncov/index.html

Compliments of International Mergers & Acquisitions, a Member of the EACCNY