China Bct Pharmacy Group (OTC BB:CNBI)

LIUZHOU CITY, Guangxi, China, March 2, 2011 /PRNewswire-Asia/ -- China BCT Pharmacy Group, Inc., today announced that it completed the closing of its Series A Convertible Preferred Shares Purchase Agreement (the "Purchase Agreement") with Milestone Longcheng Limited ("Milestone") on March 2, 2011.  Pursuant to the agreement, the Company issued 9,375,000 Series A Convertible Preferred Shares (the "Preferred Shares") to Milestone in exchange for aggregate gross proceeds of $30 million.  Net proceeds from the transaction will be used to fund China BCT's wholesale distribution and retail pharmacy growth initiatives, including investment in a modern logistics center in Guangxi.

LIUZHOU CITY,China, Jan. 19, 2011 /PRNewswire-Asia/ -- China BCT Pharmacy Group, Inc.,  today announced that it has entered into an agreement with Milestone Longcheng Limited, a private equity firm, pursuant to which Milestone will purchase 9,375,000 shares of the Company's Series A Convertible Preferred Shares for an aggregate purchase price of $30 million.

The Preferred Shares carry a dividend of 5% and are convertible initially into an equal number of shares of China BCT Pharmacy's Common Stock at an initial conversion price of $3.20 per share.