Navigation Links
China Biologic Products Receives High-Technology Enterprise Certification to Qualify for Preferential Income Tax Rate
Date:2/11/2009

TAIAN CITY, China, Feb. 11 /PRNewswire-Asia-FirstCall/ -- China Biologic Products, Inc. (OTC Bulletin Board: CBPO) (''China Biologic'' or the ''Company''), one of the leading plasma-based pharmaceutical companies in the People's Republic of China (''PRC''), today announced that the Company's indirect majority-owned subsidiary, Shandong Taibang Biological Products Co. Ltd. (''Shandong Taibang'') has been awarded the High-Technology Enterprise Certification (the "Certification'') by the provincial government in Shandong Province.

The Certification is only awarded to qualified enterprises that meet the provincial government's strict requirements and standards. The Certification allows the Company to receive a preferential income tax rate of 15% versus the regular rate of 25%, for a period of 3 years starting from as of January 1, 2008.

"We are pleased that we will benefit from a lower income tax rate, which we expect to have a positive effect on our financial performance in the next few years as we reinvest the savings in our business," said Mr. Chao Ming Zhao, CEO of China Biologic. "We also believe that the Certification will enhance our competitive position and validate our commitment to being an industry leader in the research and development of biopharmaceutical products."

About China Biologic Products, Inc.

Through its indirect majority-owned subsidiary Shandong Taibang Biological Products Co. Ltd. (''Shandong Taibang''), China Biologic Products, Inc., a Delaware corporation (the ''Company''), is principally engaged in the research, development, production and manufacturing and sale of plasma-based biopharmaceutical products to hospitals and other health care facilities in China. The Company's human albumin products are mainly used to increase blood volume and its immunoglobulin products are used for the treatment and prevention of diseases.

Safe Harbor Statement

This release may contain certain ''forward-looking statements" relating to the business of China Biologic Products, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are ''forward-looking statements," including statements regarding: the significance of the new preferential income tax rate and its effect on the Company's ability to increase its financial performance and become more competitive, and on the Company's overall production capacity, revenues and market share; the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as ''believes,'' ''expects'' or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:

     Mr. Y. Tristan Kuo
     CFO
     China Biologic Products, Inc.
     Tel:   +86-538-6202206
     Email: IR@chinabiologic.com
     Web:  http://www.chinabiologic.com

    Investor Relations Contact:

     CCG Investor Relations
     Mr. Crocker Coulson, President
     Tel:   +1-646-213-1915 (NY office)
     Email: crocker.coulson@ccgir.com

     Mr. Gary Chin
     Tel:   +1-646-213-1909

     Web:  http://www.ccgirasia.com

'/>"/>
SOURCE China Biologic Products, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. China Pharma Holdings, Inc. Announces Clinical Trials Already Underway for Candesartan
2. China-Biotics, Inc. to Present at Roth Capital Partners 21st Annual OC Growth Stock Conference
3. Syngenta Enters Into Research Collaboration With Anhui Academy, China
4. China Sky One Medical, Inc. CFO to Present at Roth Conference
5. AMDL First to Implement US & China-Based, GAAP-Certified Accounting Technology to Capitalize on Lucrative China Healthcare Market
6. China Bio-Immunity Corporation Initiates Voluntary Recalls of Rabies Vaccines
7. China-Biotics, Inc. Receives Manufacturing Certificate for New Products
8. China Biologic Products Enters into Short-Term Loan Agreement
9. China Pharma Holdings, Inc. Receives SFDA Production Approval for Tiopronin Enteric-Coated Capsules
10. American Oriental Bioengineering to Participate in the 2009 UBS Greater China Conference
11. China Sky One Medical, Inc. Qualifies for Preferential Income Tax Rate
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/21/2017)... ... August 20, 2017 , ... Brian Pogue of Dartmouth ... January 2018. The journal is published by SPIE, the international society for optics ... of modern optical technology for improved health care and biomedical research. The journal ...
(Date:8/21/2017)... ... August 21, 2017 , ... Baltimore biotech firm, PathSensors, Inc., ... bring its proprietary CANARY pathogen detection technology and high throughput testing solutions to ... purchased an undisclosed number of PathSensors’ Zephyr pathogen detection instruments and will act ...
(Date:8/21/2017)... ... August 21, 2017 , ... Today Aether announced that Aether and University of ... Bill and Melinda Gates Foundation grant, to pursue a 3D bioprinting ... known as the Gates Foundation, is said to be the largest transparently operated private ...
(Date:8/17/2017)... ... August 17, 2017 , ... CNA Finance ... had provided a research update on Aytu Bioscience and cited promising increases in ... to Soulstring, prescription rates for Natesto® have more than doubled since March of ...
Breaking Biology Technology:
(Date:4/18/2017)... April 18, 2017  Socionext Inc., a global expert in SoC-based ... edge server, the M820, which features the company,s hybrid codec technology. ... by Tera Probe, Inc., will be showcased during the upcoming Medtec ... show at the Las Vegas Convention Center ... Click here ...
(Date:4/11/2017)... 11, 2017 Research and Markets has announced ... report to their offering. ... global eye tracking market to grow at a CAGR of 30.37% ... Tracking Market 2017-2021, has been prepared based on an in-depth market ... landscape and its growth prospects over the coming years. The report ...
(Date:4/5/2017)... NEW YORK , April 5, 2017 ... security, is announcing that the server component of the ... is known for providing the end-to-end security architecture that ... customers. HYPR has already secured over 15 ... system makers including manufacturers of connected home product suites ...
Breaking Biology News(10 mins):