Navigation Links
Lotus Pharmaceuticals Provides Inner Mongolia Land Price Guidance from Cha You Qian Qi Government
Date:1/27/2011

BEIJING, Jan. 27, 2011 /PRNewswire-Asia/ -- Lotus Pharmaceuticals, Inc. (OTC Bulletin Board: LTUSD) ("Lotus" or the "Company"), a fast-growing, profitable developer, manufacturer and seller of medicine and drugs in the People's Republic of China ("PRC"), announced today that in response to recent investor interest, the Company has obtained land price guidance from the Cha You Qian Qi local government and wishes to provide additional details regarding its 2008 purchase of land assets in Inner Mongolia.

The land purchase was entered into by Liang Fang, the Company's subsidiary, with both Cha You Qian Qi ("Cha You") local government and Mengxin Vegetable Product Company ("Mengxin"), a private company and the prior owner of the land use rights. With the permission of Cha You local government, Liang Fang was granted the land use right of the 1,000 mu (approximately 666,700 square meters) from Mengxin, and the payment of RMB 223.66 million ($32.7 million) was paid to Mengxin.

Officials from the Cha You Qian Qi Land Reserve and Trade Center, a subsidiary of Cha You Qian Qi Land and Resource Bureau, have confirmed that the land has been designated for multi-purpose use and has presented the Company with price guidance for the land and surrounding area. The guidance indicates that as multiple-use land, the market value of the property is approximately RMB 400,000-600,000 per mu (RMB 600-900 per square meter). Property values in the area surrounding the land vary by about RMB 100,000 per mu (RMB 150 per square meter) from this range.

Dr. Zhongyi Liu, Chairman and CEO of Lotus, stated, "We spent approximately RMB 270 per square meter for this land tract in 2008. Since the purchase, we have made additional investments of approximately RMB 126 per square meter on road construction, water supply, electricity, and sewage, as well as relocation compensation, bringing the total cost of the land to approximately RMB 396 per square meter. Given current local ma
'/>"/>

SOURCE Lotus Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2

Related medicine technology :

1. Lotus Pharmaceuticals Announces Approval of Reverse Stock Split
2. Lotus Pharmaceuticals Announces Change of Directors
3. Lotus Pharmaceuticals Announces Update on Land in Inner Mongolia
4. Lotus Pharmaceuticals Announces Conference Call to Discuss Third Quarter 2010 Financial Results
5. Lotus Pharmaceuticals Preparing to Apply for National Exchange Listing
6. Lotus Pharmaceuticals Retains Sichenzia Ross Friedman Ference LLP as General Legal Counsel
7. Lotus Pharmaceuticals Announces Two Senior Management Appointments
8. Lotus Pharmaceuticals Announces Engagement of RedChip Companies to Lead Public and Investor Relations Efforts
9. Lotus Pharmaceuticals Enter R-Bambuterol(R) Clinical Trial I
10. Lotus Pharmaceuticals Reports Strong Second Quarter 2010 Financial Results
11. Lotus Completed R-Bambuterols Pilot Scale Production for Clinical Trials
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/24/2014)... 2014  Commonwealth Cornerstone Group (CCG) today announced the completion ... Tuesday to help fund the expansion and consolidation of healthcare ... Sharon . PHN is the largest ... . It is the largest employer in Sharon,s ... on staff. Currently, PHN Sharon offers scattered services ...
(Date:12/24/2014)... 2014  The International Trade Commission (ITC) issued its final ... Medical. In a notice issued on December 23, the ITC ... on its humidifier was invalid. BMC President, ... are very excited with the ITC,s decision in this case. ... taken since the very beginning on the key patents in ...
(Date:12/24/2014)... LONDON , December 24, 2014 /PRNewswire/ ... expected to grow at an average rate of 8.1%. ... and volume. Hip, knee and spine surgeries are the ... emerging economies they have a lower penetration. Increased number ... use of composites. Non-metallic orthopedic devices have gained popularity ...
Breaking Medicine Technology:Commonwealth Cornerstone Group Announces $8 Million in Tax Credits to Expand and Consolidate Healthcare Services in Sharon 2Commonwealth Cornerstone Group Announces $8 Million in Tax Credits to Expand and Consolidate Healthcare Services in Sharon 3ITC Final Decision Goes Against ResMed (RMD) Monumental Win for 3B/BMC 2Use of Composites in Orthopedic Industry to Reach $596 Million by 2020 2Use of Composites in Orthopedic Industry to Reach $596 Million by 2020 3
(Date:12/26/2014)... December 26, 2014 DW-InductionHeating.com (DaWei Induction ... designing, researching and developing, producing and marketing of a ... the business announces their new series of induction ... of the company, induction brazing refers to ... special filler material and heat. The manager says that ...
(Date:12/25/2014)... TX (PRWEB) December 26, 2014 This ... state of the global Sterilizers industry with a focus ... on the market status of the Sterilizers manufacturers and ... companies and individuals interested in the industry. This report ... definition, applications and manufacturing technology. In this part, the ...
(Date:12/25/2014)... The report “TS-1 (Colorectal Cancer) – Forecast ... treatment landscape, unmet needs, current pipeline and commercial opportunities ... drug which is typically used for treating colorectal cancer. ... treating gastric cancer and pancreatic cancer. TS-1 is composed ... first approved in 1999 in Japan for the treatment ...
(Date:12/25/2014)... Recently, iFitDress.com, the popular online supplier of ... its new selection of black one-shoulder cocktail dresses . ... they are available at discounted prices, up to 70% off. ... last for three weeks only. You know, we have thousands ... interested in our new items can visit our website for ...
(Date:12/25/2014)... Recently, BellasDress has launched its ... dresses. BellasDress has chosen their best-selling lace wedding dresses, ... the holiday season. , Now, BellasDress.com features popular ... here at discount prices. The business hopes everyone can ... , “All our elegant products are made ...
Breaking Medicine News(10 mins):Health News:Induction Brazing Equipment Series From DaWei Induction Heating Co., A Reliable Supplier Of Induction Heating Equipment 2Health News:Sterilizers Industry Global and Chinese Analysis for 2009-2019 Now Available at ReportsnReports.com 2Health News:Sterilizers Industry Global and Chinese Analysis for 2009-2019 Now Available at ReportsnReports.com 3Health News:TS-1 Colorectal Cancer Market Analysis and Forecast to 2023 Report at RnRMarketReserach.com 2Health News:TS-1 Colorectal Cancer Market Analysis and Forecast to 2023 Report at RnRMarketReserach.com 3Health News:iFitDress.com: Black One-Shoulder Cocktail Dresses for 2015 2Health News:BellasDress.com’s Christmas Sale: Trendy Wedding Dresses With Big Discounts 2
... performance and lifestyle brand is paired with LensCrafters, ... 500 North American stores, MASON, Ohio, June ... at more than 500 select LensCrafters locations, North ... customers the,combined benefits of Oakley,s popular and innovative ...
... The Pennsylvania Breast Cancer Coalition announces special press,availability ... 12 The following is,being issued by the ... PA Breast Cancer Coalition (PBCC) and the Pennsylvania ... a Homerun Derby event,sliding through each of the ...
... treating high cholesterol, researchers say , , THURSDAY, June 12 ... found a protein in the liver involved in regulating ... provide a new target for treating high cholesterol or ... factor that regulates lipid synthesis in the liver," said ...
... up with Crohn,s & Colitis Foundation of America for this year,s ... Take ... of America (CCFA) is happy to announce that Salix,Pharmaceuticals, a leader in gastroenterology, ... 4 p.m. starting with family,festivities in Overland Park, Kansas a suburb of Kansas ...
... Light Technology and Ancient Relaxation ... Sleep Assistant, PORTLAND, Ore., June 12 For ... sleep but find traditional remedies such as drugs,sound machines ... Resources, Inc. is announcing the first sleep-assisting device,that silently ...
... International (VMI),recently donated a wheelchair-accessible Honda Odyssey ... Foundation. American Honda Motor Co., Inc., (AHM),supplied ... Northstar conversion, which,provides a powered in-floor ramp ... all types of wheelchairs., (Photo: ...
Cached Medicine News:Health News:Oakley Prescription Eyewear Now at Lenscrafters 2Health News:Oakley Prescription Eyewear Now at Lenscrafters 3Health News:Oakley Prescription Eyewear Now at Lenscrafters 4Health News:Scientists Discover Protein Involved in Fat Production 2Health News:National Pharmaceutical Company to Sponsor Popular Kansas City Walk 2Health News:National Pharmaceutical Company to Sponsor Popular Kansas City Walk 3Health News:New Drug-Free Solution for Insomnia 2Health News:Sam Schmidt Receives a Honda Odyssey Converted for Wheelchair Accessibility 2Health News:Sam Schmidt Receives a Honda Odyssey Converted for Wheelchair Accessibility 3
NS2000 Bipolar Generator provides precise coagulation without tissue sticking....
The Sabre 2400 provides high power performance and key user features to meet today's demanding electrosurgical needs. It is an ideal general-purpose electrosurgical generator....
The ExcaliburPlus PC is the most powerful isolated ESU with 10,000 V PTP in spray coag....
Standard bipolar coagulator...
Medicine Products: