RBY 0.00% 0.9¢ rockeby biomed limited

ann: to supply bird flu tests to china

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    http://sa.iguana2.com/cache/497f790f19f847a4d22fc7c0ad5c1e20/ASX-RBY-342540.pdf

    Rockeby Biomed signs agreement with Beijing Anheal
    20:02, Monday, 20 November 2006

    Sydney - Monday - November 20: (RWE Aust Business News) - Rockeby
    Biomed Ltd (ASX:RBY) has signed a non-binding but conditional letter of
    intent with China's Beijing Anheal Laboratories Co Ltd (BAL) which will
    see Rockeby acquire up to a 40 per cent interest in BAL and engage BAL as
    the distributor of its bird flu tests in China.
    Rockeby said the investment will give it access to the world's
    largest poultry market, with the support of the Chinese Government.
    It will also strengthen Rockeby's ability to acquire and
    distribute new animal diagnostic products, and form alliances with US and
    European diagnostic companies which want to access the China market.
    Rockeby will provide its product development capabilities to BAL and
    introduce new rapid tests for the animal diagnostic market in China.
    The letter of intent proposes Rockeby acquires an initial 25 per
    cent stake in BAL for $US2.85 million, with settlement expected to occur
    next March.
    Rockeby will also have the option to acquire an additional 15 per
    cent of BAL in September 2007 for $US1.9 million.
    Shares of Rockeby Biomed were placed in a trading halt late on
    Friday pending the announcement, and last traded at 3.3c.



 
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