China Shenghuo Receives Go-Private Offer from Management
publication date: Feb 15, 2013
China Shenghuo Pharmaceutical Holdings has received a non-binding proposal to take the company private at a price of $.15 per share. The stock is currently listed at $.14, a post-announcement rise of one-half cent. The offer comes from Lan's Int'l Medicine Investment Co., a company owned by the current management of Shenghuo that also owns 77.3% of Shenghuo’s outstanding common stock. The transaction will not be major, because Shenghuo currently has a market capitalization of less than $3 million. More details....
Stock Symbol: (PINKSHEETS: CKUN
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