Transfer subsidiary East China Medicine received 180 million

Yesterday evening East China Medicine issued the announcement on the progress of the transfer of the wholly-owned subsidiary. The announcement said, April 29, 2010, East China Medicine and the Chinese broad, Zhejiang Yuanda signed the "Civil Mediation book", and signed the "Equity transfer Agreement", agreed: The company will be 100% stake in Yang Qi to 180 million yuan to China's price transfer to the broad.　　China has pledged to pay the 100 million yuan equity transfer of East China Medicine and the remaining 80 million yuan equity transfer payment within 10th from the date of entry into force of the above-mentioned conciliation letter. April 29, 2010, China Yuanda paid 100 million yuan for the first equity transfer of Chinese medicine, and paid 80 million yuan for the remaining equity transfer.　　China has agreed to complete the payment of the equity transfer under the agreement.　　May 7, 2010, Yang Qi Real estate management completed the transfer of industrial and commercial registration of change procedures. By the East China Medical Accounting department, January 1, 2010 to April 30, 2010, the main business income of Yang Qi 58.27 million yuan (of which 72.28 million yuan in advance of the housing section has 44.75 million yuan recognized as income), net profit of 11.51 million Yuan, the company's current profit contribution of 11.51 million yuan.　　(The above data is not audited) since May 1, 2010, Yang-Qi's real estate is no longer a holding (wholly-owned) subsidiary of East China Medicine, the future will no longer be incorporated into the company's consolidated reporting range. Yesterday, East China Medical Plate to create a new high of 28.28 yuan, the tail plate received 27.78 yuan, Rose 3.46%.