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BioPharm Asia, Inc (fka BFAR)

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Last Post: 8/10/2014 11:22:53 PM - Followers: 60 - Board type: Free - Posts Today: 0

 

SHARE STRUCTURE
I/O 50,000,000
'RESTRICTED' 29,625,000 (59.25%)
'FLOAT' 20,375,000 (40.75%)

 

 

COMPANY PROFILE
  • BioPharm Asia, Inc. (BioPharm Asia) is an U.S. listed company
  • Engaged in medicine chain business and medical management and
    complemented by a series of industry integration business including cultivation of Chinese herbal medicine, pharmaceutical production and medicine wholesale.
  • It has acquired 6 companies through China North Pharmacy Company
  • Committed to forging a pharmaceutical carrier and medical management leader
    through an integrated industry chain, to boost Chinese Medicine industry.

 

In the wake of successful acquisitions of

Yunnan SiLin Pharmaceutical Commercial Co., Ltd.
(Yunnan SiLin)

Tonghua Huachen Pharmaceutical Co., Ltd.
(Huachen Pharmaceutical)

Tonghua Huachen Chinese Herbal Planting Co., Ltd.
(Huachen Herbal)

Beijing Zhihe Ruikang Hospital Management Ltd.

through China North Pharmacy Company (CNPC), BioPharm Asia has preliminarily completed the integration of industry chain, extending the sole trading business (including terminal chain stores, distribution and wholesales business) to pharmaceutical manufacturing and cultivation of medicinal raw materials.

In 2008, the total revenue of BioPharm Asia's China branches reached to $94 million USD, and $14 million USD generated in after-tax income approximately. Total 383 chain drug stores of Tonghua ShengAnTang were spread all over Jilin province of China, and Yunnan SiLin has established its mature distribution net of medicines covering northeast and southwest regions. The annual production capacity of Huachen Pharmaceutical includes tablets 120 million, capsule 150 million, 40 million packets of granule and 200 million bottles of oral solution. Furthermore, Huachen Herbal invested to build a GAP demonstration park where the total planting area covered 233 ha.

Starting from 2009, BioPharm Asia has been taking great effort to extend its industry scale in China. By 2011, BioPharm is estimated to complete its chain drugstores sales system establishment, accomplishing with various medicine production capacity, covering Chinese prepared medicines, western medicines, Tibetan medicines and Yi ethnic medicines, and become a large pharmaceutical industry investment group with international integrated marketing capability.

 
 
 
 
 
 
 
 
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
 
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
 
Date of Report (date of earliest event reported):
March 25, 2011
 
BIOPHARM ASIA, INC.
 
BIOPHARM ASIA, INC.
___________________________
(Exact Name of Registrant as Specified in its Charter)
 
Nevada
000-25487
88-0409159
(State of incorporation)
(Commission File Number)
(IRS Employer
   
Identification No.)
 
New Agriculture Development Park
 
Daquan Village, Tonghua County, Jilin Province, P.R. China
134115
(Address of principal executive offices)
(Zip Code)
 
011-86-435-5211804
(Registrant's telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
Item 1.01 Entry into a Material Definitive Agreement.
 
On March 25, 2011, China Northern Pharmacy Holding Group Limited, a wholly-owned subsidiary of BioPharm Asia, Inc. (the "Company"), entered into an agreement to transfer all of the outstanding shares of its subsidiary Tonghua S&T Medical & Pharmacy Company Limited ("PHARMACY") and its subsidiary Yunnan Silin Pharmaceutical Company Limited ("Silin") to City Well International Limited for RMB 200 million, or approximately $30.5 million, based upon prevailing exchange rates.
 
PHARMACY is an operating company engaged in drug logistics and distribution in the People's Republic of China ("PRC") which as of December 31, 2010 owned and operated 360 retail drug stores. In addition, PHARMACY owns 100% of Silin, a PRC company which is engaged in the sale of medicine products to hospitals and pharmacy shops. Management of PHARMACY and Silin had expressed displeasure at being a public company and the Company determined that it was in the interests of the Company's shareholders to consummate the sale as described herein rather than continue the dispute with the disgruntled management and, potentially, lose the entire value of the operations of PHARMACY and Silin without receiving any compensation.
 
It is anticipated that the closing of the transfer will occur on or before April 1, 2011.
 
Management of the Company will seek to apply the net proceeds of the transaction to the acquisition of one or more new businesses.
 
Item 7.01 Regulation FD Disclosure.
 
On March 28, 2011, BioPharm Asia, Inc. (the "Company"), reported that it has entered into a letter of intent to acquire 100% of the outstanding shares of Hubei HolleyZhengyuan Pharmaceutical Company Limited ("HBHLZY"). HBHLZY, founded in November, 2004, is a wholesale distributor of pharmaceutical products, located at the CBD of Wuhan city, Hubei province.
 
A copy of the press release is attached hereto as Exhibit 99.1.
 
The information in this Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liability of such Section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
 
 
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 
FORM 10-K

 
(Mark One)

 
x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 
FOR THE ANNUAL PERIOD ENDED DECEMBER 31, 2009

 
OR

 
o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 
FOR THE TRANSITION FROM _______ TO ________.

 
COMMISSION FILE NUMBER: 000-25487
 
 
 
 
 
 
 
 
 
 
 
 

 

 

 
 
 
 
PostSubject
#7742   Well, its been a little over a year... poolecw 08/10/14 11:22:52 PM
#7741   Wait a moment, there seems to be life fcpgalltheway 06/28/13 03:26:04 PM
#7733   Good way o' puttin' it, Mikey. Renee 06/04/13 05:47:00 PM
#7731   whoa!!! loupai 06/04/13 12:42:29 PM
#7730   guess not, lol monda2frida 06/04/13 12:31:08 PM
#7729   wait, i thought the financials were filed? loupai 06/04/13 12:30:45 PM
#7728   bfar is what? revoked? lucky,mydog 06/04/13 11:25:38 AM
#7727   o.k., i'll think again. I think it's revoked. lucky,mydog 06/04/13 11:24:24 AM
#7726   BFAR revoked: Renee 06/04/13 09:30:47 AM
#7725   goodbye monda2frida 06/04/13 09:29:14 AM
#7724   finished: BFAR Biopharm Asia, Inc. Common Stock 6/4/2013 monda2frida 06/04/13 09:28:59 AM
#7720   Well sunsailor, you took a little time to fcpgalltheway 05/26/13 02:12:19 PM
#7719   Reuters today! (China / U.S. AUDIT WARS FIND sunsailor 05/24/13 06:33:49 PM
#7717   Hey sunsailor, I wish you would use those fcpgalltheway 05/22/13 01:56:03 PM
#7715   How do you know this? Dr. Steve Brule 05/16/13 07:17:58 AM
#7712   Anyone bilingual in SOX accounting compliance here? sunsailor 05/13/13 11:59:35 AM
#7711   Prove it! Posts all suggestion prove zip nada. sunsailor 05/13/13 11:57:35 AM
#7709   lol. those are both foreign corporation using otc lucky,mydog 05/13/13 11:35:28 AM
#7708   I've got over a million dollars in BOTH sunsailor 05/13/13 11:29:38 AM
#7707   lol. none of those apply to stinky pink scams. lucky,mydog 05/13/13 10:48:03 AM
#7706   If you've read Buffett, Graham, & Fisher classics, sunsailor 05/13/13 10:21:18 AM
#7705   Sunsailor, when do you believe BFAR will file? VeryHolyGuy 05/12/13 06:41:43 PM
#7704   are you talking about 360 pharmacy is gone, TRUTH15 05/10/13 03:43:58 PM
#7703   the case of chji is strange similare to TRUTH15 05/10/13 03:07:10 PM
#7702   have you spoken to VTG about this? there loupai 05/10/13 02:41:08 PM
#7701   issuance of PRs loupai 05/10/13 02:40:34 PM
#7700   What is BFAR's "new business plan"? Durand 05/10/13 02:33:37 PM
#7699   Insider insight: (What you're actually seeing) sunsailor 05/10/13 01:58:19 PM
#7698   .0001-did you get those cheapies?? monda2frida 05/10/13 12:37:09 PM
#7697   easy-buy, buy, buy!! monda2frida 05/10/13 09:42:42 AM
#7696   that's a tough decision....! loupai 05/10/13 09:41:33 AM
#7695   .02 lou-ya gotta pay to play $$$$$$$$$$ monda2frida 05/10/13 09:36:30 AM
#7694   omg. are you willing to still sell your loupai 05/10/13 09:35:25 AM
#7693   call your broker. lucky,mydog 05/10/13 09:28:56 AM
#7692   the wonderful grey sheets!!!! monda2frida 05/10/13 09:19:28 AM
#7691   dude, where, which exchange? i have etrade, i loupai 05/10/13 09:18:43 AM
#7690   I guess it doesnt matter then! mug2011 05/09/13 08:59:18 PM
#7689   Thee END is near! DOOMSDAYS FOREVER!! WWIII soon!!! sunsailor 05/09/13 08:56:36 PM
#7688   Send a link or picture proving bfar still mug2011 05/09/13 06:48:58 PM
#7687   By 2017, China will be thee #1 biggest sunsailor 05/09/13 02:24:22 PM
#7686   i own BFAR but prove what now 0.01 TRUTH15 05/09/13 02:05:19 PM
#7685   Nobody believed me, & now BFAR IS PROVEN! sunsailor 05/09/13 01:55:03 PM
#7684   lou-we're trading-load the boat, back up the truck!!!!! $$$$$$$$$ monda2frida 05/09/13 10:51:33 AM
#7683   Hey very, come over and read my messages fcpgalltheway 05/08/13 12:52:13 PM
#7681   VTG - VGH said the audit was complete! Help! loupai 05/07/13 04:02:09 PM
#7680   I sure hope not. Wish it would trade VeryHolyGuy 05/07/13 02:31:05 PM
#7679   When can I buy more BFAR? the audit loupai 05/07/13 11:34:19 AM
#7678   website changed, it is over or what TRUTH15 05/06/13 10:22:14 AM
#7676   10k won't get you off the greys. rule lucky,mydog 05/05/13 04:14:55 PM
#7675   Does anyone know of companies who have made VeryHolyGuy 05/05/13 12:22:41 PM
PostSubject