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Thursday, September 27, 2012

China Stock News Alert: China Nuokang Bio-Pharmaceutical (NASDAQ: NKBP) Gains on Going Private Deal

New York, New York - September 27, 2012 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors issues a trading alert for China Nuokang Bio-Pharmaceutical Inc. (NASDAQ: NKBP), one of the top gainers on NASDAQ in morning trading. The stock is trading at $5.2692, gaining 0.4892 or 10.23% as of 11:34AM EDT.

The Company announced today that it has entered into an Agreement and Plan of Merger with Kingbird Investment Inc. ("Parent"), a Cayman Islands exempted company with limited liability and beneficially owned by Ms. Yuhuan Zhu, the wife of Mr. Baizhong Xue, the Company's Chairman and Chief Executive Officer, and Kingbird Mergerco. Inc., a Cayman Islands exempted company with limited liability and a direct wholly-owned subsidiary of Parent ("Merger Sub").
This is one of many China companies that has announced a going private deal in the past year.
Investorideas.com Newswire China Nuokang Bio-Pharmaceutical Inc. (NKBP) is a leading biopharmaceutical company in China focused on the research, development, manufacture, marketing and sales of hospital-based medical products. The Company provides a diversified portfolio of products across more than 4,200 hospitals in China. Nuokang's principal products include Baquting(R), China's leading hemocoagulase product by market share, Kaitong(R), a lipid emulsion alprostadil product for the treatment of peripheral vascular diseases, cardiocerebral microcirculation disorders and post-surgery thrombosis; and alpha lipoic acid capsules, or ALA, an antioxidant product that addresses diabetic neuropathy. The Company's product pipeline includes product candidates under development in hematological, cardiovascular and cerebrovascular disease diagnosis, treatment and prevention. www.nkbp.com
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