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GoldStone Orient Turns to Big Health, TTGG Creates a New Case

Date: 2017-01-18
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At the 4th Working Meeting in 2017 of CSRC Listed Company M&A Restructuring Committee held at 9:00 a.m. on Jan. 17, 2017, the acquisition of Asia Pharmaceutical Group’s 100% equity and fund raising by GoldStone Orient listed on the GEM Board were passed unconditionally. This transaction’s consideration is RMB 2.1 billion Yuan. The fund raised will be not more than RMB 800 million Yuan.

 

GoldStone Orient went public on the GEM Board in 2015. It mainly engages in the R&D and application of steel reinforced plastic composite pipe technology, provides customers with steel reinforced plastic composite pipe production techniques, technical solutions and full-set production lines. The original main business of GoldStone Orient is traditional and subject to the influence of the municipal construction investment and the overall economic environment. It’s a cyclical business. By strategically analyzing the macroeconomic trends and its future orientation, GoldStone Orient established the development strategy of turning to pharmaceutical and big health, hoping to break the business cycle and open the space for future growth.

 

Founded in 1991, Asia Pharmaceutical Group mainly engages in the R&D, production and sale of QUIKE and QUIKE (Child Version) series of OTC drugs, Jinxing Capsules and other supplements. In the meantime, it’s also involved in innovative western medicine and modern TCM fields. Asia Pharmaceutical holds many medicine number reserves. Its Type-2 TCM new drug “Bone-Strengthening Capsules” is about to be launched in the market. In the future, Asia Pharmaceutical will keep its brand and market advantages, develop innovative products that have plant extraction and bio-pharmaceuticals as main techniques, anti-neoplastic, antiviral and osteoporosis drugs as main R&D direction, chronic diseases, geriatric diseases, pediatric diseases as main fields.

 

Since it began to invest in Asia Pharmaceutical in 2009, TTGG has provided it with diverse value-added services, to support its development. As its strategic shareholder and investment advisor, TTGG has helped it find strategic partners to promote industry integration and capitalization. This time, our company actively assisted Asia Pharmaceutical and GoldStone Orient, with their marriage, restructuring, industry integration, and made an additional investment in their 3-year fundraising and private placement.

 

In the future, our company will continue to play its role and hold the attitude as a responsible “Small Shareholder”, continue our good cooperation with GoldStone Orient and Asia Pharmaceutical, further help the restructured companies create value, change value, enhance value, assist them with their business development and extension in bio-pharmaceutical and big health fields. 


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