TC

22/12/2014 16:36

Sino Biopharm's (01177) unit Zhenwutang to be quoted on NEEQ

    Sino Biopharmaceutical (01177) said shares of its 51% owned subsidiary Tianjin CP Zhenwutang Food Co., Ltd. are proposed to be quoted on the National Equities Exchange and Quotations System (NEEQ).
  The NEEQ is the third board of the PRC, and is a platform for the sale of existing shares or directed share placings for small and medium sized enterprises.
  Zhenwutang is in the health food business, and produces sugar free and high-fibre products including products such as multigrain porridges for diabetic persons. The proposed quotation will enable Zhenwutang to build up its own profile and valuation, and develop its own fund-raising platform, so as to fund its existing operations and future expansion, separately from the rest of the Group, which is primarily engaged in the development and production of medicines and the operation of a hospital. 

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