Navigation Links
Global Pharm Announces the Closing of US$15 Million Redeemable Convertible Bonds Financing
Date:10/26/2011

SHENZHEN, China, Oct. 26, 2011 /PRNewswire-Asia/ -- Global Pharm Holdings Group, Inc. (OTCBB: GPHG) ("Global Pharm" or the "Company"), a China-based, growing vertically integrated pharmaceutical company engaged in pharmaceutical-related products distribution, Traditional Chinese Medicine ("TCM") herbs cultivation and processing business through its subsidiaries in Anhui, Jilin, Guangdong and Shandong provinces, today announced that it has completed the entire US$15 million redeemable convertible bonds financing (the "Financing") by Blazer Delight Limited, an investment vehicle owned by a fund managed by Asia-based Gen2 Partners Limited ("Gen2 Partners").

Global Pharm will use the net proceeds from this Financing for the expansion of the Company's and its subsidiaries' distribution network within the People's Republic of China ("PRC"); for acquisitions of pharmaceutical companies in the PRC; and for general working capital purposes.

The Financing has been completed with two closings. Specifically, on September 21, 2011, the Company issued redeemable convertible bonds in the aggregate principal amount of US$10,000,000 under the Financing. Twenty business days later, on October 20, 2011, the Company issued redeemable convertible bonds in the aggregate principal amount of US$5,000,000, and completed the Financing. Any time on or prior to the maturity dates, the bonds are convertible into common stock of the Company at a price of US$5.00 per share.

"We are pleased to announce our partnership with Gen2 Partners, one of the leading investment management and advisory companies in Asia," commented Mr. Yunlu Yin, Chairman and Chief Executive Officer of Global Pharm. "Global Pharm and Gen2 Partners have reached an affirmative prospect for the Company's regional-focused distribution strategy and its acquisition plan. This Financing will assist us to accelerate the consolidation plan of our newly acquired subsidiaries and strengthen our TCM cultivation
'/>"/>

SOURCE Global Pharm Holdings Group, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Global Eyeglasses Industry
2. S*BIO to Initiate Global Phase 3 Clinical Trials of its Novel JAK2 Inhibitor Pacritinib for Treatment of Myelofibrosis (MF)
3. CPhI Global Portfolio Expands into South East Asia
4. Gastric Cancer - Global Drug Forecasts and Treatment Analysis to 2020 - Volume I 2011
5. MarketsandMarkets: Global Orthopedic Devices Market Expected to Reach $57.9 Billion by 2016
6. White Smile Global Inc. Proudly Announces the Introduction of a New Innovative White Smile® Professional™ Dental "In-Office" Teeth Whitening Kit
7. Intarcia and Quintiles Sign Letter of Intent for Innovative Global Collaboration to Advance ITCA 650 in Type 2 Diabetes
8. SPX to Acquire e&e, a Global Supplier of Extraction, Evaporation, Vacuum and Freeze Drying Technologies
9. Global Sources opens six trade shows with worlds top buyers registered to attend including Adidas, AEON, American Greetings, Brookstone, Casino, Coles Group, Mothercare, Next, Sears and Woolworths
10. Robertson Global Health Solutions Announces Commercial Venture with Telemedicine Africa
11. AMD Alliance, Representing AMD Patient Organizations Globally, Encourages Health Care Providers to Stop Using Avastin for Off-Label Ocular Use
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/30/2014)... ALBANY, New York , September 30, 2014 /PRNewswire/ ... Market - Global Industry Analysis, Market Size, Share, Growth ... Research is expected to be worth USD 20.8 billion ... 29.5 billion in 2017, growing at a CAGR of ... are fundamental elements needed for various health purposes, especially ...
(Date:9/30/2014)...   Decision Resources Group finds that through ... kidney disease non-dialysis (CKD-ND) patients are not highly ... addition, one-year persistency is similar between Amgen,s Aranesp ... findings from the report entitled Treatment ... Agents in Late Stage Chronic Kidney Disease and ...
(Date:9/30/2014)... SAN DIEGO , 30. September ... Logo - http://photos.prnewswire.com/prnh/20130430/LA01948LOGO ... ein Medizintechnikunternehmen, das ein minimal-invasives 3D-Herzkammer-Bildgebungs- ... der Ursachen entwickelt, die zu komplexen ... aufrechterhalten, hat den Abschluss einer zusätzlichen ...
Breaking Medicine Technology:Nutraceutical Ingredient Market Will Reach USD 33.6 Billion Globally in 2018: Transparency Market Research 2Nutraceutical Ingredient Market Will Reach USD 33.6 Billion Globally in 2018: Transparency Market Research 3Nutraceutical Ingredient Market Will Reach USD 33.6 Billion Globally in 2018: Transparency Market Research 4Persistency is Low for Late-Stage Anemic CKD Non-Dialysis Patients Treated with Erythropoiesis-Stimulating Agents 2Persistency is Low for Late-Stage Anemic CKD Non-Dialysis Patients Treated with Erythropoiesis-Stimulating Agents 3Acutus Medical, Inc. schließt zusätzliche Finanzierungsrunde Serie B über 26,2 Mio. USD ab, um Portfolio-Erweiterung zu finanzieren 2Acutus Medical, Inc. schließt zusätzliche Finanzierungsrunde Serie B über 26,2 Mio. USD ab, um Portfolio-Erweiterung zu finanzieren 3
... InteKrin Therapeutics, Inc., a clinical stage biopharmaceutical company ... has completed enrollment of a 360 patient Phase 2b ... PPAR gamma (SPPARM) for the treatment of Type 2 ... dose active comparator (45mg Actos(R)) and placebo controlled study ...
... the nation,s economic slowdown, America,s pharmaceutical research and ... year in the research and development of new ... roughly $2 billion from 2007, according to analyses ... (PhRMA) and Burrill & Company. PhRMA-member companies ...
Cached Medicine Technology:InteKrin Therapeutics Announces Enrollment Completion of 360 Patient, 24 week Phase 2b Study 2R&D Spending by U.S. Biopharmaceutical Companies Reaches Record Levels in 2008 Despite Economic Challenges 2R&D Spending by U.S. Biopharmaceutical Companies Reaches Record Levels in 2008 Despite Economic Challenges 3R&D Spending by U.S. Biopharmaceutical Companies Reaches Record Levels in 2008 Despite Economic Challenges 4
(Date:9/30/2014)... HealthDay Reporter TUESDAY, Sept. 30, ... to put the brakes on motherhood. And for many young ... choice, new research suggests. Women in their early 20s ... during tough economic times. But, according to the new study, ... their 40s and beyond. The findings suggest that higher ...
(Date:9/30/2014)... the leading cause of cancer death in women, according ... medical professionals encourage women to get mammograms, even though ... of suspicious mammograms actually leads to a cancer diagnosis. ... women and their familiesnot to mention the time, discomfort ... , Recently, a different type of test, ultrasound ...
(Date:9/30/2014)... Dynamic health trends, changing consumer ... the Bread Production industry over the past five ... their consumption of a variety of industry goods ... the market for white loaf bread and other ... introducing more nutritious products to attract health-conscious consumers, ...
(Date:9/30/2014)... of Maryland-led research team has been awarded a ... of Health (NIH) to develop new imaging technologies ... understanding of how large networks of neurons in ... knowledge will help researchers identify the precise interactions ... like decision-making and speaking, and alterations in these ...
(Date:9/30/2014)... September 30, 2014 The American ... to help diabetics curb their sweet tooth, but the ... this September, suggests that zero-calorie sweeteners may actually ... diabetes. , The Weizmann Institute of Science in ... artificial sweeteners to mice, the mice developed glucose intolerance. ...
Breaking Medicine News(10 mins):Health News:Recessions May Thwart a Woman's Motherhood Plans Forever: Study 2Health News:Recessions May Thwart a Woman's Motherhood Plans Forever: Study 3Health News:'Virtual breast' could improve cancer detection 2Health News:Bread Production in the US Industry Market Research Report from IBISWorld Has Been Updated 2Health News:Bread Production in the US Industry Market Research Report from IBISWorld Has Been Updated 3Health News:UMD receives inaugural BRAIN Initiative Award 2Health News:Artificial Sweeteners May be Linked to Greater Diabetes Risk 2
... Though nursing is thought to reduce risk, more advanced tumors ... Women who breast-feed for six months or more face a ... cancer, but it,s not clear whether there,s a cause-and-effect relationship, ... these women are more likely to die of cancer than ...
... ... Experience in Style , ... March 26, 2010 -- Last week EarPeace provided hearing protection to thousands of music ... bands over the course of four days. The average decibel level at a concert is ...
... ... local and national organizations to help individuals in need. , ... Munster, IN (PRWEB) March 26, 2010 -- ... its efforts in giving back to the community and helping individuals in need of ...
... alcohol use tied to better lifestyle habits, study finds ... take worse care of themselves than other people, but ... who don,t imbibe, researchers have found. , "The main ... other behaviors -- such as relieving stress with alcohol ...
... beta-blockers can help reduce the spread of cancer in ... seventh European Breast Cancer Conference (EBCC7) in Barcelona today ... senior healthcare research scientist at Queen,s Medical Centre, Nottingham ... found that the group of patients treated with beta-blockers ...
... Spain: Two studies to be presented at the seventh ... and tomorrow (Saturday), shed light on the treatment options ... which predispose them to breast cancer. In the first, ... of Medical Oncology, Erasmus Medical Centre, Rotterdam, The Netherlands, ...
Cached Medicine News:Health News:Long-Term Breast-Feeding Tied to More Aggressive Cancers 2Health News:EarPeace Protects Hearing for Thousands at South by Southwest 2Health News:Stirling Dental Laboratory, Experts in Emergency Denture Repair Service, Gives Back to Community 2Health News:Stirling Dental Laboratory, Experts in Emergency Denture Repair Service, Gives Back to Community 3Health News:Heavy Daily Drinking Linked to Worse Health 2Health News:Beta-blockers help reduce metastasis and improve survival in breast cancer patients 2Health News:New studies on surgical options in inherited breast cancer show drastic treatment is not always best 2Health News:New studies on surgical options in inherited breast cancer show drastic treatment is not always best 3Health News:New studies on surgical options in inherited breast cancer show drastic treatment is not always best 4
Solid State Manometry Catheter Accessory., ,Manometric calibrators are required for calibration of solid state catheters., ,Each type of catheter requires a unique calibrator....
Sphincter of Oddi Solid State Catheter Adapter Cable for Polygraf ID...
... The ITREL 3 is a battery powered ... the U.S., ,Enterra™ Therapy is indicated ... vomiting associated with gastroparesis when conventional drug ... symptons for diabetic or idiopathic patients., ...
... rapid qualitative test for detection of cardiac ... samples. It can be used as an ... and can be useful to assess if ... angina (e.g. gastric pain, strained chest muscles, ...
Medicine Products: