Navigation Links
China Biologic Products Enters Into Agreement to Acquire 35% Interest in Xi'an Huitian Blood Products Co., Ltd. and Introduces Preliminary Guidance for 2009
Date:10/16/2008

ian. China Biologic believes that it will be able to secure the large majority of the financing required for the two acquisitions from domestic bank facilities and available cash resources. Taibang's other shareholder, Shandong Institute of Biological Products, who owns approximately 17% of Taibang, contractually agreed with China Biologic's wholly-owned subsidiary, Logic Express, to allocate to Logic Express all of the economic benefits (i.e., revenues and net income) and burdens (i.e., expenses, losses and liabilities) of the 35% interest in Huitian that will be acquired by Taibang. Shandong Institute of Biological Products will not contribute any amounts toward the financing of Huitian. The remaining 65% interest in Huitian is owned by Shaanxi Power Construction Group Corporation ("SPCGC") in China, a power construction company in Shaanxi Province. According to the terms of the contract, both parties have agreed not to sell their equity interests in Huitian to a third party within the next five years, giving each other the right of first refusal thereafter. China Biologic plans to expand Huitian's plasma collection capacity in Shaanxi Province and eventually acquire the remaining interest from SPCGC if such opportunity exists.

Company Updates Business Outlook

Management expects that the acquisitions of Dalin (Qianfeng) and Huitian will accelerate the Company's geographical expansion, diversify its customer base, enhance its technological capabilities or competitive advantages and serve to fulfill its planned expansion into the leading biopharmaceutical company in China. China Biologic has targeted combined revenue for 2008 to be in the range of $48 million to $50 million and combined net income to be between $9 million to $10 million, including only a portion of the 4th quarter operations from the two acquisitions. Assuming the full year consolidation of the two acquisitions, management estimates revenues for 2009 will be in the range of $90 million
'/>"/>

SOURCE China Biologic Products, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related biology technology :

1. China Kangtai Cactus Biotech Files 2nd Quarter 2007 10QSB and Announces Unaudited Quarterly Results
2. China Biopharmaceuticals Holdings Announces Second Quarter 2007 Financial Results
3. China Medical Technologies to Participate in the Morgan Stanleys 2007 China Medical Corporate Day
4. China-Biotics, Inc. Signs Intention Agreement to Supply Probiotics to Bright Dairy & Food Co., Ltd.
5. China Technology Announces New Chief Financial Officer
6. China Medical Technologies Reports First Quarter Financial Results
7. China Medical Technologies to Participate in Credit Suisses 2007 Asian Technology Conference
8. China Technology Announces Entry to the Solar Energy Sector
9. China Sky One Medical Receives $1.5 Million Government Grant to Further Develop Six New Cancer Products
10. Kiwa Bio-Tech Named Recommended Brand by the China Green Food Association
11. China Kangtai Cactus Biotech, Inc. Announces Plans for New Product Launch
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/3/2015)... NORTH HOLLYWOOD, Calif. , June 3, 2015 /PRNewswire/ ... quality of life of myeloma patients while working toward ... th Annual International Myeloma Working Group (IMWG) Summit ... A record 100-plus IMWG members will attend the 2015 ... Congress of the European Hematology Association (EHA).  The focus ...
(Date:6/3/2015)... June 03, 2015 On April 21, 2015, ... Utilities and Communications Committee (11-0) and indicates the legislature's desire ... renewable energy. , The Committee Chairman supports the bill and ... CAP by 8,000 GWh and would also like to see ... , This “Wait List” and timing are extremely important. ...
(Date:6/3/2015)... and CHICAGO , June 3, ... or "the Company"; LSE: CIR), a specialty biopharmaceutical company ... data relating to the Company,s novel immunotherapy candidates targeting ... presented at the 2015 European Academy of Allergy and ... Barcelona, Spain on 6-10 June. ...
(Date:6/3/2015)... June 03, 2015 Innovative biomass supply ... announced its platinum sponsorship of the first annual ... the Royal Sonesta Hotel in New Orleans, June 9-10, ... in an effort to further the advancements of feedstock ... and policies, overall logistics, yield improvement and more. ...
Breaking Biology Technology:International Myeloma Foundation Brings Together 100 of the World's Top Myeloma Experts June 8-10 in Vienna, Austria for 6th Annual Summit 2International Myeloma Foundation Brings Together 100 of the World's Top Myeloma Experts June 8-10 in Vienna, Austria for 6th Annual Summit 3International Myeloma Foundation Brings Together 100 of the World's Top Myeloma Experts June 8-10 in Vienna, Austria for 6th Annual Summit 4Bmark Energy Announces the Sign-up Deadline for Companies Interested in California’s Direct Access Program is June 12th, 2015 at 5:00pm. 2Circassia to Present at EAACI Annual Meeting, Barcelona, Spain, 6-10 June 2015 2Circassia to Present at EAACI Annual Meeting, Barcelona, Spain, 6-10 June 2015 3Genera to Sponsor Advanced Bioeconomy Feedstocks Conference 2015 2Genera to Sponsor Advanced Bioeconomy Feedstocks Conference 2015 3
... (Nasdaq: SGMO ) announced today that Edward ... on Sangamo,s diabetic neuropathy,programs at 1:40 p.m. (ET) ... Adams,Diabetes and Obesity Conference in San Francisco., ... be accessed via a link on,the Sangamo BioSciences ...
... Mass., May 29 Haemonetics,Corporation and Octapharma ... multi-year,supply contract appointing Haemonetics as Octapharma,s preferred ... States. Under the agreement,Octapharma will use Haemonetics, ... its U.S. plasma collection centers. Plasma is ...
... BALTIMORE, May 29 FASgen Diagnostics, LLC ... they have entered into,a collaboration to produce ... biomarkers,using FASgen,s proprietary antibodies. The tests measure ... (FAS), which is found in,virtually all solid ...
Cached Biology Technology:Sangamo BioSciences to Present at the Canaccord Adams Diabetes and Obesity Conference 2Haemonetics and Octapharma AG Announce Plasma Collection Technology Contract 2FASgen Diagnostics, LLC Announces Production and Investment Agreement With Tetracore, Inc. 2
(Date:5/11/2015)...  Through a well-rounded UAS delegation representing private industry, government, ... showing at AUVSI,s Unmanned 2015 conference last week in ... UAS industry met with over 200 hundred people ... the UAS ecosystem. "Our message is clear ... Aerospace Rich Knoll . "If you want to fly ...
(Date:5/8/2015)... 2015 Synaptics Inc. (NASDAQ: SYNA ), the ... of the executive management team will present at the following ... and Telecom Conference Date: May 18, 2015 Time: ... MA Cowen and Company Technology, Media ... Location: The New York Palace Hotel, New York, ...
(Date:5/5/2015)... -- NXT-ID, Inc. (NASDAQ: NXTD ) ("NXT-ID" or the ... commerce market, reminds investors and media that  Mr. David ... CARTES SECURE CONNEXIONS AMERICA 2015, held in Washington ... three-day conference is organized into a series of nine session ... Global Fraud: Where is the Trust in Cyberspace? and ...
Breaking Biology News(10 mins):Ohio Flies High at Unmanned '15, Sets Stage for Ohio UAS Conference 2Synaptics to Present at Upcoming Investor Conferences 2NXT-ID, Inc.'s CTO, David Tunnell, Presents at CARTES SECURE CONNEXIONS AMERICA 2015 Today in Washington DC. 2NXT-ID, Inc.'s CTO, David Tunnell, Presents at CARTES SECURE CONNEXIONS AMERICA 2015 Today in Washington DC. 3
... CLEVELANDTwo teams of researchers, including a scientist from Case ... new species of fossil horse from 4.4 million-year-old fossil-rich ... the size of a small zebra, Eurygnathohippus woldegabrieli ... at Case Western Reserve in 1987had three-toed hooves and ...
... is available in German . ... have been announced. On Thursday, 5 December 2013, the Joint Committee ... ,four women and seven men as winners of the ... the Nominations Committee from 129 nominees. Four of the eleven prizewinners ...
... study shows that two unusual treatment approaches may have beneficial ... with the disorder. Using a hot bath to raise body ... worm eggs to stimulate the production of immunoregulatory factors in ... autism. These findings support the idea that disruption of systems ...
Cached Biology News:A new species of horse, 4.4 million years old 2A new species of horse, 4.4 million years old 3Leibniz Prizes 2014: DFG honors 11 outstanding researchers 2Leibniz Prizes 2014: DFG honors 11 outstanding researchers 3Leibniz Prizes 2014: DFG honors 11 outstanding researchers 4Leibniz Prizes 2014: DFG honors 11 outstanding researchers 5Leibniz Prizes 2014: DFG honors 11 outstanding researchers 6Leibniz Prizes 2014: DFG honors 11 outstanding researchers 7Leibniz Prizes 2014: DFG honors 11 outstanding researchers 8Leibniz Prizes 2014: DFG honors 11 outstanding researchers 9Leibniz Prizes 2014: DFG honors 11 outstanding researchers 10Leibniz Prizes 2014: DFG honors 11 outstanding researchers 11Leibniz Prizes 2014: DFG honors 11 outstanding researchers 12Leibniz Prizes 2014: DFG honors 11 outstanding researchers 13Worms and hot baths: Novel approaches to treating autism 2
The Holten Horizontal series of laminar airflow work benches offers comfort and ease of use....
... Angle Polypropylene Rotor designed for use ... CL3/CL3R** and Centra-MP4/MP4R*. A translucent lid ... ,EXCLUSIVE polypropylene rotor design provides excellent ... autoclaved. Polypropylene rotors are fully ...
Medium bottle for hybridization 250 x 35mm...
Extra Large bottle for hybridization 300 x 70mm...
Biology Products: