Navigation Links
Tongjitang Chinese Medicines Company Reports Second Quarter 2010 Financial Results
Date:8/18/2010

Investment Limited, a company controlled by Mr. Xiaochun Wang, Chief Executive Officer and Chairman of Tongjitang, and Fosun Industrial Co., Limited, which holds 32.1% of Tongjitang's outstanding ordinary shares (collectively, the "Bidding Parties"). If accepted, Tongjitang will become a privately-held company. On April 12, Tongjitang announced the establishment of a special committee of the board of directors (the "Independent Committee"), comprised of Tongjitang's three independent directors, to evaluate the proposal. On June 1, the Independent Committee announced that Morgan Stanley Asia Limited has been appointed as its independent financial advisor. In addition, Independent Committee retained Sheppard, Mullin, Richter & Hampton LLP to serve as its United States law counsel and Thorp Alberga to serve as its Cayman Islands law counsel.

On April 1, 2010, Hanmax Investment received a commitment letter issued by CITIC Ka Wah Bank Limited for a US$30 million term loan facility to fund the proposed purchase of the publicly held Tongjitang shares. This letter expired on April 30. On June 4, 2010, Hanmax Investment received another commitment letter from CITIC Bank International Limited ("CBI"), which expired on June 30. On July 21, 2010, Hanmax Investment received a new commitment letter from CBI authorizing a term loan facility up to US$25 million to fund the proposed acquisition of Tongjitang's outstanding ordinary shares. The commitment under the July 21 commitment letter will expire upon the earlier to occur of execution of definitive credit facility documents or September 24, 2010, subject to extension by CBI. More information is available via a Schedule 13D/A filed with the SEC on August 2, 2010. Hanmax Investment and CBI are in the process of negotiating credit documents.

Conference Call

Tongjitang's management team will hold a conference call on Thursday, August 19, at 8:00
'/>"/>

SOURCE Tongjitang Chinese Medicines Company
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Related medicine technology :

1. Tongjitang Files 2009 Annual Report on Form 20-F
2. Tongjitang Chinese Medicines Company Reports First Quarter 2010 Financial Results
3. Tongjitang Chinese Medicines Acquires Guiyang Liquor Factory
4. China Medical Technologies Announces the Use of its HER-2 FISH Probe in a Cancer Targeted Therapy Research Project Sponsored by the Chinese Ministry of Health
5. China BCT Signs Exclusive Distribution Contract With Liujiang County Chinese Medicine Hospital
6. Biosites Triage Products Seized by Beijing Customs; Chinese Market Facing Shortage
7. China Sky One Medical Announces Antroquinonol Capsule Recognized as Breakthrough Drug by Chinese Ministry of Science and Technology
8. Chinese Distribution Contract Extended for an Additional 4 Years
9. Chinese State Food and Drug Administration Approves Company Facility for Producing Solid Dosage Perindopril
10. Tianyin Pharmaceutical Co., Inc. Receives Chinese SFDA Approval for Ofloxacin and Fleroxacin
11. Sinovac Obtains Fifth H1N1 Vaccine Order from Chinese Central Government
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/2/2015)... 2015  Akron Children,s Hospital has been designated a ... College of Radiology (ACR), making it the first hospital ... children,s hospital in the United States ... recognition from the ACR as a DICOE provides validation ... compared with national benchmarks," says Dr. Michael Rubin ...
(Date:3/2/2015)... MENLO PARK, Calif. , March ... (OTCQX: DMPI) (DelMar and the Company), a ... therapies in new orphan drug indications, today announced ... the U.S. Patent and Trademark Office (USPTO) for ... methods to improve the therapeutic benefit of suboptimally ...
(Date:3/2/2015)... , March 2, 2015 /PRNewswire/ - ESSA Pharma ... financial results for the first quarter and three months ... expressed in Canadian dollars and in accordance with International ... ESSA recorded a net loss of ... months ended December 31, 2014 (Q1-2015), compared to a ...
Breaking Medicine Technology:Akron Children's designated ACR Diagnostic Imaging Center of Excellence 2DelMar Pharmaceuticals Receives Notice of Allowance of Fourth U.S. Patent Covering Methods of Use and Compositions for VAL-083 2DelMar Pharmaceuticals Receives Notice of Allowance of Fourth U.S. Patent Covering Methods of Use and Compositions for VAL-083 3DelMar Pharmaceuticals Receives Notice of Allowance of Fourth U.S. Patent Covering Methods of Use and Compositions for VAL-083 4ESSA Pharma Inc. Reports First Quarter 2015 Financial Results 2ESSA Pharma Inc. Reports First Quarter 2015 Financial Results 3ESSA Pharma Inc. Reports First Quarter 2015 Financial Results 4
(Date:3/3/2015)... 03, 2015 AliCare Medical Management ... management programs and a member of the Amalgamated ... Julie O’Brien as President. O’Brien formerly served as ... In her new role, she will continue with ... of AMM’s call center operations, including clinical services, ...
(Date:3/3/2015)... 2015 Aureus Medical Group (web: aureuslocumtenens.com), ... has announced that it will participate as an exhibitor ... March 17, 2015 in St. Louis, MO. , CareerMD ... job-seeking residents and fellows in a comfortable, relaxed setting. ... will be available to speak with attendees about its ...
(Date:3/2/2015)... (PRWEB) March 02, 2015 Calvary ... at their Brooklyn Satellite in Lutheran Medical Center, ... quarterly award must demonstrate excellence through clinical expertise ... also expected to go above and beyond to ... presence with patients and their families. Award recipients ...
(Date:3/2/2015)... Cutler Integrative Medicine a leader in bringing innovative ... tips to bring about self-renewal. A 30 day detox ... first cleaning house. According to Dr. Cutler, expert ... Between environmental toxins like heavy metals, people’s food now ... stress levels, we all have a level of toxic ...
(Date:3/2/2015)... A cocaine snorting Oscar statue ... typical nip slip or scathing scuffle. A new take ... the streets of Hollywood as Paper Jesus’ rendition of ... and substance abuse in Hollywood. The Oscar statue is ... political stance on the travails of drug addiction in ...
Breaking Medicine News(10 mins):Health News:Julie O'Brien Named President of AliCare Medical Management 2Health News:Julie O'Brien Named President of AliCare Medical Management 3Health News:Calvary Hospital Honors Peter Acerios, RN, with Daisy Award 2Health News:Skin and Wellness Power Couple give Quick Tips to Self-Renewal for Spring 2Health News:Oscar Statue Snorting Cocaine Catches All Eyes in Hollywood, Ca 2Health News:Oscar Statue Snorting Cocaine Catches All Eyes in Hollywood, Ca 3
... a radical prostatectomy can be a viable option for ... conventional practice of generally avoiding surgeries for individuals over ... today in Urology. ,“Increased life expectancy and ... forms of anesthesia and less-invasive surgical techniques, have made ...
... and pain killers specified in the First Schedule of ... the// formulations based thereon are under price control and ... Authority (NPPA) in accordance with the provisions of the ... approved/notified price of a Schedule formulation, action is taken ...
... (USDA) today gave the ‘go-ahead’ to market a genetically-engineered ... was in a// mess just 3 months ago regarding ... The approval to market this crop came as a ... shelved any plans of commercialization of the crop. ...
... arrive at a resolution, the emergency planning cell is gearing ... a strike by medical// lab workers. The strike by ... jeopardy, including emergency surgeries. ,Dr Davies said,” Services ... testing of samples such as blood, tissues and swabs for ...
... hormone-free contraceptive pill for men they say would make them ... at King's College London, can be taken hours before sex ... a woman. However, his fertility would return to normal within ... ,Contraceptive pills available in the market now are ...
... Neurofeedback training, developed by NASA aims to help people control ... a new way of ameliorating a wide range of// ailments. ... seizures suffered by astronauts; later this technique was introduced in ... including Kyung Hee University Medical Center adopted this technique, but ...
Cached Medicine News:Health News:Octogenarians Are Not Too Old for Cancer Surgery 2Health News:Tune Your Brain To Fight Disorders 2
... testing simplified In-office. Information. In real time. The ... indications of elevated vaginal fluid pH (pH >= ... innovative format is easy to use and delivers ... Simply rub a swab containing unprocessed vaginal fluid ...
For the quantitative determination of human MMP-9/NGAL Complex concentrations in cell culture supernates, serum,plasma, urine and saliva....
... the increase in Endoscopic cases, it is extremely ... with the Surgical Light. This combination affords ... having to adopt an uncomfortable pose. The ... the NUVO Monitoring System. As such the ...
... of your procedural specialty, whether it ... NUVO Monitoring System will complement the ... ergonomics and advanced high-resolution display technology. ... mobile carts, the NUVO Monitor provides ...
Medicine Products: