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* ST Hill today's announcement, intended to be not less than $14.64 / shares does not exceed 13 million shares, raising to 7000 million acquisition of chemistry of the horizon implementation of an annual output of 500 tons of TGB production and construction projects, 50 million to set up branch trade project, and the other 40 million of liquidity. At the same time, due to Tianyu chemical chairman and legal representative of the company vice chairman B Jiang's relatives. Therefore, the transactions constitute related party transactions.

Notice introduction, Tianyu chemical was founded in January 28, 2008, the registered capital of 50 million, paid in capital 10 million. Company is engaged in pharmaceutical intermediates, food grade additives, surface active agent, fabric finishing agent and new materials and fine chemicals development, production and sales of high-tech enterprises, since since the establishment of working in the synthesis of cephalosporin antibiotics products required TGB production new craft research, development, and has completed the development of the industrialization level mass production process, product of the indicators have reached international advanced level and production costs than the imported products competitive.

And for an annual output of 500 tons of TGB production and construction projects, announced the introduction, TGB product is a key intermediate for the production of a class of antibiotics. Cephalosporin antibiotics is anti infective drugs in an important part of, from the first cephalosporin antibiotics varieties came into being in the early 1960s, so far, cephalosporin antibiotics industry has become accounted for the world anti infection drugs is an important industry more than 40 percent of sales. But in recent years, due to the widespread use of antibiotics, the bacteria produce a large number of high activity of the beta. Therefore, the clinical need to constantly updated, wide antibacterial spectrum, strong antibacterial activity, on the beta.

At present, the number of TGB large-scale industrialized production enterprises is relatively small, our country basically rely on imports, and the price is high, which seriously limits the development and application of new products.

The company said that the project is expected to total investment of 72 million 767 thousand yuan, after the completion of the project will form an annual output of 500 tons of TGB production capacity. The project construction period is 12 months and fifth years after the operation. After the project is completed, the estimated annual net profit of 20 million 250 thousand yuan, the investment profit margin of 27.8%.