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China Nepstar Chain Drugstore (NPD) Begins Trading on NYSE

SHENZHEN, China and NEW YORK, Nov. 9 /PRNewswire-FirstCall/ -- China's largest drugstore chain based on the number of directly operated stores, China Nepstar Chain Drugstore Ltd (NYSE: NPD) ("Nepstar" or "the Company"), was listed today on the New York Stock Exchange.

Nepstar offered 20,625,000 American depositary shares (ADSs) during its initial public offering at US$16.20 each. Gross proceeds from the offering, not including the potential exercise of the greenshoe, amounted to approximately US$334 million.

Nepstar is the largest drugstore chain in mainland China, with 1,791 directly operated stores as of September 30, 2007.

Proceeds from the offering will be used to open new stores, to upgrade information management and inventory control systems and to set up two new distribution centers. The proceeds may also be used for other general corporate purposes and for potential acquisitions.

Goldman Sachs (Asia) L.L.C. was the sole global coordinator of the offering. Goldman Sachs (Asia) L.L.C. and Merrill Lynch, Pierce, Fenner & Smith Incorporated were the joint bookrunners. CLSA Limited was also an underwriter of the offering.

Nepstar's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Goldman Sachs & Co. by mail, Attn: Prospectus Department, 85 Broad Street, New York, NY 10004, facsimile: +1 212 902 9316, email:

Media Contacts:

In Shenzhen In New York

Lucia Qian Ivette Almeida

China Nepstar Drugstore Chain The Global Consulting Group

Ltd Direct line: +1 646 284 9455

Direct line: +86 755 2641 Email:



In Hong Kong

Bruce Shu

Citigate Dewe Rogerson

Direct line: +852 2533 4607


SOURCE China Nepstar Chain Drugstore Ltd
Copyright©2007 PR Newswire.
All rights reserved

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