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CPHI subsidiary acquires patent for $6.93M via stock; issues 12.6M shares
CHINA PHARMA HOLDINGS, INC.
- Hainan Helpson acquires patent for Prinsepia Utilis Esterol Sublingual Tablets from Xiaoyan Zhang.
- Transfer price of $6.93M paid as 12.6M restricted shares of CPHI at $0.55 per share.
- Patent granted 2018, expires 2038; transferor provides technical services.
- Shares issued under Regulation S exemption as offshore transaction.