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China Biologic Accepts Smaller Stake in Qianfeng Acquisition

publication date: Dec 19, 2008

China Biologic Products, Inc. announced a number of changes to the agreement under which it will acquire a 90% controlling interest in Chongqing Dalin Biologic Technologies Co., Ltd.  Dalin currently owns a 54% stake in Qianfeng Biological Products Co., Ltd. Like China Biologic, Qianfeng is a plasma-based biopharmaceutical company. While performing its due diligence, China Biologic found that Dalin owns only a 43.3% interest in Qianfeng instead of the 54% China Biologic originally bargained for. More details...

Stock Symbol: (OTCBB: CBPO)

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