China Biologic Products, Inc.: Exhibit 10.21 - Prepared by TNT Filings
Inc.




       




Exhibit 10.21 


Asset Purchase Agreement 

(Translated Version) 


Party A: Fang Cheng Missile Plasma Collection
Co., Ltd (Fang Cheng Plasma Company) 

Party B: Fang Cheng Plasma Collection Station 

According to Ministry of Health and the 9
other ministries and commissions jointly issued notice (Wei Yi Fa (2006) No.
118) regarding <Measure on the Transformation of Plasma Collection Station>, and
the approval document issued by Guangxi Autonomous Region Health Department
regarding <Forwarding Ministry of Health’s Notification Concerning Reporting the
progress on the Measures on reforming plasma collection stations (Gui Wei Yi
(2006) No.2)>, both parties has mutually agreed to enter into a plasma station
assets transfer contract for the benefit of the Provincial development on plasma
products and health industry, for the stability of personnel and for the long
term development of plasma collection station. 

1.    
Party B agrees to transfer
the whole asset of plasma station to Party A at one time. The transfer price
will be RMB 114,770. (Attached the valuation report prepared by Guang Xi He Xin
Real Estate Appraisal Co. Ltd.) 

2.
    Party A
agrees to remit the amount to the account designated by Party B within seven
days of signing this Agreement. 

3.
    Party A
shall use the transferred assets for operation of plasma collection business. In
order for Party A to operate the plasma collection business, Party B shall
execute the assets transfer procedure within 15 days after receiving transfer
proceed from Party A. Party B shall assist Party A to transfer or obtain
necessary license under the name of Party A. 

4.
    Party A
agrees to retain all Party B’s management and workers, and guarantee no adverse
adjustment on the wages and benefit. With further development of Plasma Company,
Party A agreed to implement corporate governance and shall comply with relevant
labor law to sign employment contract and responsible for social insurance.


5.
    Party A shall
manage the station strictly in accordance with the requirement of "Regulation of
Plasma Products", "GMP", and "Basic Standard of Plasma Collection Station"
issued by State Council and ensure the health and safety of the plasma donors,
plasma quality and the lawful operation of the station. 




6.    
To guarantee stable
transition and normal operation of plasma operations, Party A shall continue to
appoint the current management team. 

7.
    Party A
shall willingly accept the supervision and administration of the local health
administrative department. Party B shall coordinate the affairs with local
government departments at all levels and seek the support and help from them.


8.
    Party B
shall be responsible to obtain various preferential terms based on the
investment policy from the local government. 

9.
    Parties
hereto may solve matters not mentioned herein through negotiation. 

10.  
This agreement shall effective on the day when signed and chopped by legal
representative of both Parties. 

11.  
Each party shall hold one set of the agreement. 

Party A: Guang Xi Fang Cheng Missile Plasma
Collection Co., Ltd 

Party B: Fang Cheng Plasma Collection Station 

April 30, 2007