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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
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SOURCE Global Pharm Holdings Group, Inc.
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