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Global Pharm Announces the Closing of US$15 Million Redeemable Convertible Bonds Financing | 8:34 AM | By PR Newswire Association LLC. |
OTC and PINK news - 10-26-2011
SHENZHEN, China, Oct. 26, 2011 /PRNewswire-Asia/ -- Global Pharm Holdings Group, Inc. (OTCBB: GPHG) ("Global Pharm" or the "Company"), a China-based, growing vertically integrated pharmaceutical company engaged in pharmaceutical-related products distribution, Traditional Chinese Medicine... Related News: Similar Content, By PR Newswire Association LLC., Financing Agreements
Business Description
Global Pharm Holdings Group, Inc. operates as a pharmaceutical distribution business in the People's Republic of China. Through its three subsidiaries, Shandong Global Pharm Co., Ltd., Tonghua Tongdetang Pharmaceutical & Medicinal Material Co., Ltd., and Anhui Xuelingxian Pharmaceutical Co., Ltd., the Group focuses on pharmaceutical related products distribution. In order to alleviate the impact on price inflation and maintain the supply stability of Traditional Chinese Medicine (TCM) raw materials, the Group also engages in the cultivation and processing of TCM herbs. Currently, Global Pharm owns GSP-certified, modern logistics distribution centers totally occupying 237,600 square feet and manages over 13,000 inventory products; and its sales network covers Shandong, Jilin, and Liaoning provinces, as well as other developed provinces in China. The Group intends to establish an integrated value chain in the pharmaceutical industry through strategic acquisitions within pharmaceutical production, distribution, and retail sectors. Global Pharm will achieve a solid distribution capacity and grow to be a major rapid-growing and profitable pharmaceutical company.
Chart - http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=GPHG&uf=8&type=4&size=4&sid=5487162&style=330&freq=1&time=6&rand=266771995&compidx=aaaaa%3a0&ma=4&maval=9&lf=1&lf2=4&lf3=0&height=808&width=1045&mocktick=1http://www.otcmarkets.com/stock/GPHG/company-info