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Hiru Corporation (OTCPK:HIRU)
Hiru Corporation(Other OTC: HIRU.PK) subsidiary Jiangxi Shuangshi Pharmaceutical Co., Ltd (Shuangshi AHP) met with representatives of the Chinese Ministry of Agriculture and pooled their views on the quality control of veterinary products in China.
China is the world’s largest livestock producer and consumer, and the safety and quality of food products is becoming an increasingly pressing concern. Shuangshi AHP general manager Xie Xue-Song presented Ministry of Agriculture representatives with the company’s views on the quality control of veterinary products delivered by the domestic veterinary pharmaceutical manufacturers.
Besides determining food safety regulations and policies, the Ministry of Agriculture also operates disease research laboratories and administers vaccinations and emergency responses for diseases. Based on the Shuangshi report, the director of Pharmaceutical Affairs, Diansheng Lin, and his team offered to provide Shuangshi AHP with additional research into these issues.
China’s government recently earmarked RMB 2.06 billion ($304 million USD) for the 2010 Ministry of Health immunization program and, following recent tainted food scandals, tightened food safety laws and inspections. By analysing current industry practices and recommending improvements, Shuangshi AHP aids the government in its effort to ensure quality food production and veterinary product safety in China.
Hiru Corporation operates through its subsidiary, Jiangxi Shaungshi Pharmaceutical Co., Ltd., is a producer of Chinese herbs for the naturopathic industry in China. Jiangxi Shaungshi Pharmaceutical Co., Ltd. focuses on producing and manufacturing of herbs, herbal extracts and herbal preparations. The company's products are based on the traditional Chinese systems. Company researches and develops dosage approaches and health applications of these traditional recipes. On December 3, 2009, HIRU completed the merger with the China-based company Jiangxi Shaungshi Pharmaceutical Co., Ltd.
To learn more about HIRU visit: http://www.hirucorporation.com
Domtar Corporation (NYSE:UFS) announced that its Board of Directors has approved its third quarterly dividend for the 2010 fiscal year on its common stock (NYSE/TSX:UFS) and on Domtar (Canada) Paper Inc. (TSX:UFX.to) exchangeable shares. The dividend of US$0.25 per share is payable on January 17, 2011 to stockholders of record on December 15, 2010.
Domtar Corporation engages in designing, manufacturing, marketing, and distributing uncoated freesheet paper; papergrade, fluff, and specialty pulp; and lumber and wood products in North America. The company operates in three segments: Papers, Paper Merchants, and Wood.
Agnico-Eagle Mines Ltd. (NYSE:AEM) reported that it had acquired 2,000,000 units ("Units") of Western Troy Capital Resources Inc. ("WTR") by way of a private placement at a price of $0.50 per Unit for a total consideration of $1,000,000.00 in cash. Each Unit consisted of one common share ("Common Shares"), resulting in the acquisition of a total of 2,000,000 Common Shares of WTR by the Company, and one share purchase warrant ("Warrants"), being 2,000,000 Warrants, each full Warrant entitling the holder to acquire one Common Share at a price of $0.60 per share for the twenty-four months following the closing date. Agnico now holds 2,000,000 common shares and 2,000,000 share purchase warrants representing an ownership position in WTR of 14.66% on a partially diluted basis.
Agnico-Eagle Mines Limited, through its subsidiaries, engages in the exploration, development, and production of gold in Canada, Finland, Mexico, the United States, and Argentina. It also explores for silver, zinc, copper, and lead.
Colgate-Palmolive Co. (NYSE:CL) announced record operating profit, net income and diluted earnings per share for the third quarter 2010. Worldwide sales were $3,943 million, down 1.5% versus third quarter 2009. Global volume grew 3.0%, pricing was flat with the year ago quarter and foreign exchange was negative 4.5%. Organic sales (excluding foreign exchange, acquisitions and divestments) grew 3.0%. Net income increased 5% in third quarter 2010 to $619 million and diluted earnings per share increased 8% to $1.21. Net income and diluted earnings per share in third quarter 2009 were $590 million and $1.12, respectively. Gross profit margin was 59.4%, up 20 basis points versus the year ago quarter’s record level, primarily reflecting benefits from cost-savings initiatives, partially offset by the impact of negative foreign exchange and increased promotional investments.
Colgate-Palmolive Company, together with its subsidiaries, manufactures and markets consumer products worldwide. It offers oral care products including toothpaste, toothbrushes, and mouth rinses, as well as dental floss and pharmaceutical products for dentists and other oral health professionals; personal care products, such as liquid hand soap, shower gels, bar soaps, deodorants, antiperspirants, shampoos, and conditioners; and home care products comprising laundry detergents, dishwashing liquids and detergents, household cleaners, and oil soaps, as well as fabric conditioners.
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