A leading manufacturer.

These agreements are one year in duration and so are renewable typically. China Yongxin lately secured finance from local banking institutions and rural credit unions totaling $2.9 million, with terms which range from 1 to three years, renewable after the initial terms. Loan proceeds will be used to provide working capital for the Company’s distribution segment as it capitalizes on fresh organic growth opportunities backed by the government’s new healthcare initiative. Mr. Liu further commented, ‘With enhanced authorities support, specifically the commencement of China’s $126 billion health care reform plan focused on offering a broader spectral range of healthcare providers and pharmaceutical products to all or any Chinese residents, we are confident our modernized logistics distribution and center channels, the broad customer base of our chain drugstores, our extensive item portfolio, and committed management team will enable us to resume our development momentum and capitalize on a long-term, secular growth chance,’ Mr. Continue reading A leading manufacturer.