China Biologic Products (CBPO -4.6%) slips after announcing earlier today that construction of a new production facility at its Guizhou Taibang subsidiary could be delayed due to slower-than-expected government approval of land use rights. The Company says it's working closely with local authorities to secure approval as soon as possible and will provide an update as soon as possible. CBPO had planned to commence work on the project in late 2012, with completion by mid-2014.
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