Herborium Group updates shareholders on potential acquisition

theflyonthewall.com

Herborium Group has issued an update on the proposed acquisition Term Sheet received from China based China Health Resource. The Proposal from China Health Resource includes proposals to merge China Resource, Inc. into Herborium Group, with Herborium to be the surviving public entity. Dr. Agnes P. Olszewski, Herborium's Chairwoman and CEO commented: "Review of such Proposals involves detailed understanding of all aspects of a transaction by our Board of Directors, Legal Counsel, accounting experts along with guidance from our Investment Banker. This process will continue for the coming weeks. Shareholders will be provided with further information as appropriate."

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