OAK BROOK, Ill.--(BUSINESS WIRE)--On July 1, 2009, Huhhot Xinheng Baide Biotechnology Co. Ltd., (“Xinheng Baide”), a 51%-owned subsidiary of Bio-Bridge Science, Inc., announced it had finished acquiring a raw bovine serum collection center in Beian City, Heilongjiang Province, China by purchasing serum production equipment at the facility. The purchase price is RMB 280,000 (approximately $41,176). The purchase document provides that Xinheng Baide can lease the manufacturing facility without cost for ten (10) years from the date of signing the purchase agreement as part of the terms of acquiring the equipment from the owner. Beginning from the eleventh year, the annual rent will be RMB 20,000 (approximately $2,941).
