Mondo Visione  May 10  Comment 
The Audit Oversight Board (AOB) has urged audit firms to embrace a quality-oriented culture as the tone at the top will positively influence partners and audit engagement teams’ behaviour and their commitment to audit quality. In releasing its...
Insurance Journal  May 3  Comment 
  Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future for every Florida policyholder, according to Citizens...
Insurance Journal  Mar 21  Comment 
Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida Office of Insurance Regulation...
Insurance Journal  Feb 8  Comment 
Florida insurers, consumer and insurance advocates, as well as regulators, are hoping 2016 may finally be the year that legislators address the misuse of assignment of benefits (AOB) for water loss claims that they say has become a rampant and …
Mondo Visione  Dec 2  Comment 
The Audit Oversight Board (AOB) has revoked the registration of an audit firm Wong Weng Foo & Co along with the Managing Partner, Wong Weng Foo and its Partner, Abdul Halim Husin effective from 2 December 2015. The revocation is under section...
Mondo Visione  Jun 2  Comment 
Audit firms should embrace and actualise professional ethics and values as a strategy to improve audit quality, urged Audit Oversight Board (AOB) in releasing its 2014 Annual Report. The audit regulator also announced that it will start...
Mondo Visione  Jun 2  Comment 
Audit Oversight Board (AOB) has prohibited Wong Weng Foo & Co from accepting Public Interest Entities (PIEs) as clients for 12 months as the firm failed to comply with Section 31N (1) of the Securities Commission Act 1993 which requires audit...
Mondo Visione  May 12  Comment 
Audit firms are reminded to perform the necessary audit procedures to evaluate whether the overall presentation of the financial statements is in accordance with the applicable financial reporting framework, according to the Audit Oversight Board...
Mondo Visione  Feb 18  Comment 
Audit Oversight Board (AOB) has publicly reprimanded two registered  auditors, Lim Kok Beng of Ong Boon Bah & Co and Chan Kee Hwa of Khoo Wong & Chan for failing to comply with the International Standards on Auditing (ISAs) while auditing the...
Mondo Visione  Aug 28  Comment 
The Audit Oversight Board (AOB) today reprimanded two auditors for failing to discharge their professional duties as set out in the International Standards on Auditing (ISA). One of the auditors was also fined RM10,000 for breaching the ISA and...


American Oriental Bioengineering Inc. (AOB), together with its wholly owned subsidiaries, is a pharmaceutical company which develops, manufactures and commercializes both plant-based pharmaceutical (PBP) and plant-based nutraceutical (PBN) products.

PBPs are Traditional Chinese Medicine (TCM) based on non-synthetic medicinal compounds that are extracted from leaves and roots of one or more plants. Each PBP has certain medicinal functions and proven efficacy in the treatment of at least one or more illnesses or symptoms of illnesses. The company's PBP products are approved by the Chinese State Food and Drug Administration (SFDA) and are being sold both as prescriptions and over-the-counter (OTC) medicine. PBNs, also frequently referred to as "dietary supplements" or "nutritional supplements", are prophylactic or preventive, in contrast to PBP products which are used to treat an illness or symptoms of an illness. PBNs represent a different approach to medicine as they are supplementary to nutrition taken from a normal diet and help improve health or wellness of the whole body. The PBN products are approved by local government agencies to be labeled as nutraceutical products.

AOB currently offers over 20 PBP and PBN products in China. Core PBP products include Shuanghuanlian Lyophilized Injection Powder, a leading anti-viral injection effective in treating respiratory diseases, Cease Enuresis Soft Gel and Patch, a prescription medicine specially formulated to help alleviate bed-wetting and incontinence and other over-the-counter drugs, such as Jinji Capsule to treat gynecological inflammations and pre-menstrual symptoms. Core PBN products include a line of health supplements including soybean peptide products and nutritional beverages. All of the company's core products enjoy branded market leadership in China in the segments in which they compete. Because of the significance of these brands to the business, AOB concentrates its sales and marketing efforts in promoting them in target markets.

Key product sales as percentage of total revenue




Plant-based Pharmaceutical (PBP products)

    Shuanghuanglian lyophilized injection powder 




    Cease-enuresis soft gel and patch  




    Jinji Capsule               




Plant-based Nutraceutical (PBN products)

    Soy peptide series             




The company finished its reverse takeover in 2003 and its shares were listed in OTCBB since then until July 2005 when the company's shares were listed in American Stock Exchange. In December 2006, the company's common stock commenced trading on New York Stock Exchange under the ticker of AOB. Headquartered in Harbin, China, AOB employs about 1981 employees.


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