News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Global Pharm Holdings Group Acquires Drug Distributor for $9 Million



8/5/2011 9:47:21 AM

August 4, 2011 -- Global Pharm Holdings Group paid $9 million to acquire drug distributor Shandong Hua Wei. Global Pharm also distributes drugs in Shandong province, which is the reason behind the acquisition. Global Pharm will pay for the transaction with stock. The selling shareholders pledged 10% of their shares as a guarantee of Shandong Hua Wei’s 2011 financial performance. More details....

Stock Symbol: (OTCBB: GPHG)


Read at ChinaBio Today


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES