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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime

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Henan Taloph Pharmaceutical Stock to issue shares for stake acquisition and fund raising

Thursday, 7 Aug 2014 08:00pm EDT 

Henan Taloph Pharmaceutical Stock Co Ltd:To issue 35,036,496 shares at 6.85 yuan per share and pay cash of 80 million yuan, to Wu Lan and Gao Shijing in exchange for 100 pct stake in Beijing Leading Pharm Medical Technology Co., Ltd (target company A).To issues 28,613,138 shares at 6.85 yuan per share to Tonglu-based herbs investment management company in exchange for 49 pct stake in Hangzhou-based medicine herbs company (target company B).Target company A's transaction price is 320 million yuan.Target company B's transaction price is 196 million yuan.To issue no more than 25,109,489 shares at 6.85 yuan per share through private placement, to raise no more than 172 million yuan, to two companies.The proceeds will be used for the stake acquisition and supplement of target company's working capital. 

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