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2012/02/15

China bear-bile producer faces IPO backlash - Xinhua

-How can I get my hands on some Bear Bile!?!?! 
BEIJING, Feb. 11 (Xinhua) -- China's recent move to boost securities transparency by releasing a full list of applicants for initial public offerings (IPOs) has unexpectedly sparked public outcry over a medicine company that turns a profit selling bear bile.

Gui Zhen Tang, a pharmaceutical company that produces traditional Chinese medicine containing bear bile, has roiled the public after being spotted on an IPO application list published by China's securities regulator earlier this month.

The company, based in southeast China's Fujian province, harvests and processes bear bile for medicinal powders, capsules and other products. The company owns the largest black bear breeding center in south China.

Internet users and animal lovers have accused Gui Zhen Tang of animal cruelty in extracting the bile from live bears, despite the company's claims that it uses humane "no tube" drainage methods.

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China bear-bile producer faces IPO backlash - Xinhua | English.news.cn:

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