REAL NUTRICEUTICAL GROUP LIMITED (21 January 2016 - Hong Kong) Real Nutriceutical Group Limited ("Real Nutri" or the "Company", which together with its subsidiaries is referred to as the "Group"; stock code: 2010) announces that, the Group has filed a complaint for libel against the research reports (the ''Reports'') issued by a short selling institution Glaucus Research (the "Institution") in the United States District Court in Central District of California and has delivered the complaint to the Institution.
Real Nutriceutical reiterated that the allegations in the Reports are groundless and contains misrepresentations, malicious and false allegations and obvious factual errors.
In addition, the Company buys back 1,537,000 shares at average price of HK$0.735 today and it repurchased an aggregate of 4,537,000 shares as of today. Dr. Wang Fucai, Chairman and Chief Executive Officer of the Group also purchased an aggregate of 23,500,000 shares in the open market within four weeks.
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About Real Nutri
Real Nutri is the leading brand in the amino acids health supplement market in China. Our diversified product portfolio spans a health industry spectrum, including nutritional supplements and general health food, health drinks and pharmaceuticals. Our Amino Acids Tablets have been selected as the official gift to the PRC National Assemblies which comprises the annual general meetings of the PRC National People's Congress and the Chinese People's Political Consultative Conference. We sell our health supplements and general health food products to an extensive network of regional and local distributors in China. As at 30 June 2015, our health supplements and general health food products were sold through the third party's retail network at approximately 80,000 sales points, including supermarkets, hypermarkets and retail pharmacies. Pharmaceutical products were sold to about 700 hospitals nationwide.
Real Nutri files a complaint for libel against a short selling institution in the United States District Court 21 January 2016 / Page 2/2
For further information, please contact:
iPR Ogilvy & MatherTina Law / Gary Li / Louise Ye / Joseph Zhou Tel: (852) 9652 9002 / 5987 0276
Fax: (852) 3170 6606
Email: realnutri@iprogilvy.com
Real Nutriceutical Group Limited issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 15:59:04 UTC
Original Document: http://www.ruinian.com.hk/attachment/201601212347531707737580_en.pdf
