Saturday, February 18, 2012

IPO plan for China bear bile company raises ire (AP)

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FILE - In this Oct. 2, 2010 file photo released by TRAFFIC Southeast Asia, an Asiatic Black Bear cub watches from its cage at a bear bile farm in Hanoi, Vietnam. A share listing plan by  Guizhentang that sells tonics made with bear bile is provoking a storm of online criticism in China from animal rights groups, celebrities and ordinary Chinese. Reports Friday, Feb. 17, 2012 said dozens of well-known entertainers, writers and other celebrities signed a petition to the China Securities Regulatory Commission urging it to withhold approval for the initial public offering by the Chinese medicines maker. (AP Photo/TRAFFIC Southeast Asia, M. Silverberg, File) NO SALES, EDITORIAL USE ONLYAP - A storm of criticism in China over share listing plans by a company that sells tonics made with bear bile is highlighting the increasingly affluent country's changing attitudes toward the environment and wildlife.


Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/ap/20120217/ap_on_bi_ge/as_china_bear_bile_ipo

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