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Stock Market & Financial Investment News

News Breaks
November 19, 2012
17:03 EDTCBPOChina Biologic adpots stockholder rights plan
China Biologic Products announced that its board of directors has adopted a stockholder rights plan. Pursuant to the plan, the company will issue a dividend of one right for each share of its common stock held of record by stockholders as of the close of business on November 30. The stockholder rights plan, which has a term of two years, is designed to guard against partial tender offers and other coercive tactics to gain control or undue influence of China Biologic without offering a fair and adequate price and terms to China Biologic's stockholders. The plan does not prevent China Biologic's board of directors from considering or accepting an offer to acquire China Biologic if the board believes that such action is fair, advisable and in the best interest of China Biologic's stockholders as a whole.
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August 25, 2014
07:31 EDTCBPOChina Biologic to up equity stake in Guizhou Taibang
China Biologic announced that its wholly-owned subsidiary Guiyang Dalin Biotechnology had agreed to acquire an additional 19.84% equity interest in Guizhou Taibang Biological Products from Guizhou Eakan Pharmaceutical, an existing minority shareholder of Guizhou Taibang. The total consideration of the transaction will be $87.1M. Upon completion of the transaction, China Biologic will increase its controlling stake in Guizhou Taibang from 56.39% to 76.23%.

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