Latest Welichem Biotech Inc. Stories

2014-07-22 16:27:46

BURNABY, BC, July 22, 2014 /CNW/ - Welichem Biotech Inc. (the "Company") (TSX-V: WBI) announces that it has entered into a termination agreement with Shenzhen Celestial Pharmaceuticals Ltd. ("Celestial") and Beijing Wenfeng Tianji Pharmaceuticals Co., Ltd. ("BWTP") to terminate the asset purchase agreement dated March 26, 2013 (the "China APA") among the parties, pursuant to which the Company agreed to purchase the exclusive development and commercialization rights (the "Rights")...

2014-06-30 20:22:35

BURNABY, BC, June 30, 2014 /CNW/ - Welichem Biotech Inc. (the "Company") (TSX-V: WBI) has become aware through the issuance of a news release by LR Resources Co., Ltd. (the "Offeror") that the Offeror has completed its acquisition of an aggregate of 53,816,249 common shares (the "Shares") of the Company that were deposited and tendered pursuant to the takeover bid (the "Offer") previously announced by the Offeror. Pursuant to the Offer, the Offeror has acquired the 53,816,249...

2014-06-02 20:22:58

BURNABY, BC, June 2, 2014 /CNW/ - Welichem Biotech Inc. (the "Company") (TSXV: WBI) announces today that it has filed with applicable securities regulatory authorities a notice of change (the "Notice of Change") to the directors' circular dated April 29, 2014 issued by the board of directors of Welichem in response to the unsolicited offer (the "Offer") from LJ Resources Co., Ltd. ("LJ") to acquire all of Welichem's common shares (the "Shares") at a price of $0.15 per Share dated...

2014-04-29 20:27:16

BURNABY, BC, April 29, 2014 /CNW/ - Welichem Biotech Inc. (the "Company") (TSX-V: WBI) announces today that its board of directors, on the recommendation of its special committee, unanimously recommends that Welichem shareholders REJECT the unsolicited offer (the "Offer") to purchase all of the Welichem common shares (the "Shares") at a price of $0.15 per Share by LJ Resources Co., Ltd. ("LJ") and NOT TENDER their Shares to the Offer. After careful consideration and discussion,...

2014-04-16 20:22:53

BURNABY, BC, April 16, 2014 /CNW/ - Welichem Biotech Inc. (the "Company") (TSX-V: WBI) has become aware, through the filing on SEDAR on April 15, 2014 of a take-over bid circular dated April 11, 2014, that LJ Resources Co., Ltd. ("LJ"), is making an unsolicited formal offer to purchase all of the outstanding Common shares of the Company at a price of $0.15 per Common share (the "Offer"). The Company notes the last reported closing price for the Common shares on the TSX Venture...

2014-01-02 20:20:31

BURNABY, BC, Jan. 2, 2014 /CNW/ - Welichem Biotech Inc. (the "Company") (TSX-V: WBI), announced today that Ryan B. Zeng has been appointed as a new director of the Company effective immediately. Mr. Zeng has been serving as a senior manager of T&T Supermarket in Richmond, British Columbia since 2008. He has extensive experience and knowledge in computer sciences, company operation and management from various industries including technology and supermarket companies over...

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