[caption id="attachment_4054" align="alignright" width="150" caption="Photo by mikebaird"][/caption]Over the last few weeks three events have occured that in part have contributed to the steady rise in the price of China Animal over the last few days:
a) 20 October 2010 - Fidelity (a large and well regarded global fund manager) increased its stake in China Animal from 7.95% to 8.05%. China Animal already has three known insitutional investors - BlackStone, Fidelity and just below the 5% line Legg Mason.
b) on 25 October 2010 - China Animal's subsidiary Biwei Antai which was acquired in May 2010 received regulatory approval to commence commercial production of vaccines for Animal Foot and Mouth disease. This seems to be slightly delayed from earier guidance that such approval would be received in Q3-2010. Read more...