Loan from Bank of Communication Qingchun Branch, due March 29, 2008 monthly interest only payments at 6.7095% per annum, guaranteed by Nanwang Information Industry Group Co., Ltd.
3,422,501
Loan from Bank of Communication Qingchun Branch, due June 5, 2008 monthly interest only payments at 6.8985% per annum, guaranteed by Nanwang Information Industry Group Co., Ltd.
1,369,000
Loan from Bank of Communication Qingchun Branch, due June 18, 2008 monthly interest only payments at 6.8985% per annum, guaranteed by Nanwang Information Industry Group Co., Ltd.
1,369,000
Some good info( Aida will get $4M in land transfer):
In 10K item2 Description of Property However, we also recognize the need to provide for a rapidly growing business and therefore, on July 28, 2007 the board of directors of Hangzhou Aida Pharmaceutical Co., Ltd., a wholly-owned subsidiary, held a meeting and unanimously approved the following actions:
. To find a larger piece of land to construct a new GMP-certified manufacturing facility for Rh-Apo2l and to provide for capacity expansion of our current products.
. To transfer the current land and housing where Hangzhou Aida is now located for fair market value to fund the new construction.
In connection with this effort, we anticipate to utilize approximately $4,000,000 from the proceeds of sale of the exiting land and facility for the new construction of the new facility.
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