China Pharmaceuticals, Inc. Effects 1 For 3 Reverse Share Split
China Pharmaceuticals, Inc. (CFMID 0.00, 0.00, 0.00%) ("China Pharmaceuticals, Inc." or the "Company"), one of China's leading manufacturers and distributors of prescription and over-the-counter pharmaceuticals, today announced that it has effected a 1 for 3 reverse share split as of September 22, 2010.China Pharmaceuticals, Inc. has officially filed amendments to its articles to the state of Nevada to affect a 1 for 3 reverse share split. The company had also filed notice of same to FINRA. The objective of the reverse share split is to better position the company for a senior stock exchange listing. "Today's announcement further demonstrates to our shareholders that we are taking steps that we feel are necessary to position the company to attain a senior stock exchange listing," stated Mr. Guozhu Wang, Chairman and Chief Executive Officer of China Pharmaceuticals, Inc. In conjunction with the reverse split, a temporary "D" has been added to the end of the Company's existing trading symbol (CFMID). Typically, the "D" is automatically removed 20 days after the share split becomes effective.About China Pharmaceuticals, Inc.China Pharmaceuticals, Inc. www.chinapharmaceuticalsinc.com has its headquarters based in the industrial city of Xi'an, Shaanxi Province, China. The Company identifies, discovers, develops, manufactures and distributes both prescription and over-the counter pharmaceutical products, including both conventional and traditional Chinese medicines, for the treatment of some of the most common ailments and diseases. China Pharmaceuticals, Inc. currently manufactures 132 pharmaceutical products in 11 dosage forms, including capsules, oral solutions, tablets, granules, syrups, medicinal teas, tinctures and solutions for injection. The Company currently markets and distributes 111 prescription drugs representing 78% of sales distributed via 56 sales offices (including two company-owned distribution and logistics centers) to a network of hospitals and clinics nationwide. China Pharmaceuticals, Inc. operates two modern high-tech manufacturing facilities based in Hanzhong and the Xi'an Jinghe Industrial Zone, in Shaanxi Province.
Subscribe to:
Post Comments (Atom)
Superhit News
-
US health regulator USFDA has issued a warning letter to German drug firm Fresenius Kabi AG for lapses at its drug manufacturing fac...
-
Goods and Service Tax (GST) is high on the agenda for the new government and its rollout is a priority. GST will benefit the Indian pharma...
-
Rib-X Pharmaceuticals, Inc. announced today the signature of an exclusive worldwide research collaboration agreement and option for license ...
-
Physiomics: Reports difficult trading but highlights growing interest from big pharmaceutical groupsPhysiomics ( LON:PYC ) said that trading conditions were difficult in the six months ended 31 December 2010, but it believes it is in a be...
-
Hindusthan National Glass and Industries Ltd is expected to finalize a strategic overseas acquisition in the pharmaceuticals space in the n...
-
The Minister of State (Health and Family Welfare), Sh Ashwini Kumar Choubey through a written reply in the Lok Sabha informed about th...
-
The government is hoping to see the implementation of the track and trace system for domestic and export supply chain in another one y...
-
India's Central Drugs Standard Control Organization (CDSCO) has suspended the manufacturing of eye drops at the Chennai-based firm after...
-
Diclofenac injection is a painkiller which is manufactured by Themis Medicare Ltd and marketed by Novartis India under the brand name ...
-
Amylin Pharmaceuticals, Inc. AMLN +16.15% and Alkermes plc ALKS +4.61% today announced that the U.S. Food and Drug Administration (FDA) has ...
No comments:
Post a Comment