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American Oriental Bioengineering Financial Analysis

Essay specific features

 

Issue:

Business

 

Written by:

Mamie G

 

Date added:

April 20, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

7 / 1728

 

Was viewed:

1439 times

 

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Essay content:

AOB offers its products through distributors, sales outlets, and hospital and clinics. The company is headquartered in Harbin, China and its stock is traded on the American Stock Exchange. AOB has acquired two companies, both as subsidiaries, since its conception in 1999. The first was Harbin Three Happiness Bioengineering Company in 2001...
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The first was Harbin Three Happiness Bioengineering Company in 2001. During the 4th quarter of 2004, AOB formed a second subsidiary by acquiring HSPL, a traditional Chinese pharmaceutical company to obtain a distribution network in mainland China. In their most recent filing, Form 10QSB, dated November 14, 2005, covering their 3rd quarter, ending September 30, 2005, for the first time in their history, management has deemed it necessary to provide provisions for impairments to inventory and accounts receivable mainly due to their most recent acquisition...
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