Posted: October 30, 2008

Innosis Ecological AG Acquires Traditional Chinese Medicine Material Producer Heng Run Xiong Fang Nano Technology

(Nanowerk News) Innosis Ecological AG, a holding company investing in enterprises which are active in the processing and extraction of TCM (Traditional Chinese Medicine) materials and the production of pure TCM health food products, is pleased to announce the acquisition of 100% of Heng Run Xiong Fang Nano Technology Co., Ltd., (HRXF) Fujian, China. The acquisition is subject to official approval. In the future, HRXF will be the main operating unit of Innosis Ecological AG.
HRXF is active in processing and extraction of TCM materials and the production of pure TCM health products. Apart from the manufacturing of these products, HRXF is also investing in the R&D of new nanotechnology applications for use in the production of new and more effective TCM products. Furthermore the company can pride itself with a sound capital foundation, successful health products, several patents in nanometer technology, great marketing networks and an excellent management team.
The total purchase price of HRXF, based on its Net Equity, is RMB 4.1m (equivalent to about EUR 0.45m) and will be paid after acquisition by matching future divid profits from HRXF. For further information about Innosis Ecological AG please refer to the company's website or contact our corporate communications:
About Innosis Ecological AG
Innosis Ecological AG is a holding company focusing on investments in companies which are processing and extracting materials and producing health foods based on TCM - Traditional Chinese Medicine. Traditional Chinese Medicine includes treatments such as herbal medicine, dietary therapy, acupuncture and Shiatsu massage and is considered as complementary or alternative medical system in many parts of the western world. The company is going to explore the health food markets in Germany/Europe and aims to position itself in the European markets.
Source: Innosis Ecological (press release)
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