Navigation Links
Nepstar Chain Drugstore (NPD) Greenshoe Fully Exercised
Date:11/15/2007

SHENZHEN, China, Nov. 15 /Xinhua-PRNewswire-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD) ("Nepstar" or "the Company"), the largest retail drugstore chain in China based on the number of directly operated stores, announced today that the underwriters of the Company's initial public offering ("IPO") have exercised their greenshoe option in full to purchase 3,093,750 American Depositary Shares ("ADSs") from the Company at the IPO price of US$16.20 per ADS less the underwriting discount. The option was granted in connection with the Company's IPO, which was priced on November 8, 2007.

Including proceeds from the exercise of the greenshoe option, gross proceeds from the Company's IPO would increase to approximately US$384.2million.

Jiannong Qian, Nepstar's Chief Executive Officer, said: "We are delighted that investors have received our ADSs warmly. The funds raised from our IPO will enable us to further expand our store network and take other measures to reinforce our leading position in China's retail drugstore industry."

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 a co-manager 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: prospectus-ny@ny.email.gs.com.

For more information, please contact:

In Shenzhen:

Lucia Qian

China Nepstar Drugstore Chain Ltd

Tel: +86-755-2641-4065

Email: qianrt@nepstar.cn

In New York:

Ivette Almeida

The Global Consulting Group

Tel: +1-646-284-9455

Email: ialmeida@hfgcg.com

In Hong Kong:

Bruce Shu

Citigate Dewe Rogerson

Tel: +852-2533-4607

Email: bruce.shu@citigate.com.hk


'/>"/>
SOURCE China Nepstar Chain Drugstore Ltd.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. China Nepstar Chain Drugstore (NPD) Begins Trading on NYSE
2. With the Largest-Ever Buyout of a National Nursing Home Chain Pending ... New York Times Exposes Harm to Seniors After Private Equity Buyouts of Nursing Homes
3. NutritionPedia Adds Nutrition Facts for Over 6,000 Menu Items From 70 Leading Fast-Casual and Family Dining Restaurant Chains
4. IntegriChain Enlists Ed Casey and Associates to Drive Counterfeit and Diversion Monitoring Service
5. SEIU Launches Multi-State Grassroots Campaign Calling on the Carlyle Group to Put Care Above Profits in Buyout of Nations Largest Nursing Home Chain
6. Demonstration at Carlyle Group Offices Monday as Grassroots Caravan of Caregivers, Senior Advocates Arrives in D.C. to Speak Out for Improved Care, Staffing at Nations Largest Nursing Home Chain
7. DoD and VA to Reduce Healthcare Supply Chain Costs
8. Are Bargaining Groups Hired by Independent Drugstores Causing Payment Delays to Pharmacies?
9. PCMA Statement on the Independent Drugstore Lobby Agenda
10. drugstore.com and Revolution Health Group Announce Breakthrough Deal
11. drugstore.com, inc. to Announce Third Quarter 2007 Results During Conference Call on Monday, October 22, 2007 at 5:00 p.m. ET
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/27/2017)... ... June 27, 2017 , ... Children’s National Health System received top ... its Neonatology program ranking #1 out of more than 1500 neonatal intensive care ... coveted Honor Roll, a distinction given to the top performing children’s hospitals in the ...
(Date:6/26/2017)... ... 26, 2017 , ... Antoine Dental Center is now offering various types of dental ... act as a support for prosthetic teeth, such as crowns, bridges, or dentures. An implant ... a sturdy, lasting new root for the tooth. , Several types of dental implants ...
(Date:6/26/2017)... (PRWEB) , ... June 26, 2017 , ... ... group in the country, today announced the hiring of Richard Robinson as chief ... diverse leadership and operations experience, with a proven track record of simplifying business ...
(Date:6/26/2017)... (PRWEB) , ... June 26, 2017 , ... ... and urinary leakage is revolutionizing the way women look and feel about themselves ... the problem of female sexual dysfunction and urinary leakage head on with a ...
(Date:6/26/2017)... ... June 26, 2017 , ... If the ... seeing lots of red these days. According to recent estimates, 75 – 80% ... medical coding errors(1). Some studies point to Electronic Health Records (EHR) with automated ...
Breaking Medicine News(10 mins):
(Date:6/7/2017)... Iowa , June 6, 2017  Diplomat Specialty Infusion Group, ... sterile compounding environment to its Iowa location. ... Urbandale now features an ISO 7 cleanroom—the standard ... controlled environment with a low level of pollutants. ... more IV nutrition consumers and better serve our Iowa ...
(Date:6/2/2017)... Mass. , June 2, 2017  NxStage Medical, ... renal care, today announced new findings demonstrating positive biochemical ... ® System One™. The data will be presented ... in Madrid, Spain . ... to Improve Home Dialysis Network in Europe ...
(Date:5/30/2017)... , May 30, 2017 Therapix Biosciences Ltd. ... specializing in the development of cannabinoid-based drugs, today ... company overview at three upcoming scientific and investor ... LD Micro Invitational: ... Date:                     ...
Breaking Medicine Technology: