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: TechAgreements

Commonwealth Biotechnologies, Inc. Announces Signing of Definitive Share Purchase Agreement To Acquire GL Biochem.

By TechAgreements

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Upon closing, Dr. Hongyan Xu, Founder, Chairman, and CEO of the GL Group, will assume the role of Chairman and CEO of CBI. All current CBI directors and officers will resign upon closing. The existing CBI Board of Directors will be restructured to include two CBI nominee directors, Dr. Bill Guo and Mr. Samuel Sears in addition to Dr. Xu and four additional GL Group nominee directors.

Full post as published by TechAgreements on January 04, 2010 (boomark / email).

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