 |
|
|
|
 |
Categories |
 |
|
|
Category:
Press » Agriculture
|
|
|
China Green Agriculture, Inc. Announces Full Exercise of Over-Allotment Option
|
Popularity:
Views: 268
|
|
2009-07-26 07:07:19
|
 |
China Green Agriculture, Inc.
|
 |
|
China Green Agriculture, Inc. (NYSE Amex Equities: CGA; "China Green Agriculture" or "the Company"), a leading producer and distributor of humic acid ("HA") based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., today announced that it closed the sale of an additional 525,000 shares of common stock at the public offering price of $7.15 per share, pursuant to the over-allotment option exercised in full by the underwriter of its public offering which also closed today.
The exercise of the over-allotment option brings the total number of shares sold by China Green Agriculture in the follow-on offering to 4,025,000 and the aggregate net proceeds received by China Green Agriculture to approximately $27.2 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.
The Company intends to use all of the net proceeds to expand its existing research and development through the construction of new green-house facilities. The Company estimates that these new facilities will require an aggregate investment of approximately $38.6 million over the course of two years. The Company anticipates using existing cash reserves, operating profits and bank loans to provide the difference between the total required investment of the new green-house facilities and the net proceeds from this offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company and there shall not be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Securities Act of 1933, as amended. Copies of the prospectus and prospectus supplement may be obtained from Roth Capital Partners, LLC, Attention: Equity Capital Markets, 24 Corporate Plaza Drive, Newport Beach, CA 92660, by telephone at (949) 720-7194
About China Green Agriculture, Inc.
China Green Agriculture, Inc. produces and distributes humic acid ("HA") based liquid compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., ("TechTeam"). TechTeam produces and sells approximately 15,000 metric tons of over 100 different kinds of fertilizer products per year. All of TechTeam's fertilizer products are trademarked by the PRC government as Green Production Material and suitable for growing "green" foods, as stated by the China Green Food Development Center. TechTeam's fertilizers are highly concentrated liquids which require an application of approximately 120 ml per mu per application. Its average end user has approximately four mu of land (one mu = .165 acres).
China Green Agriculture currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 27 provinces in the PRC. The leading five provinces by revenue for the three months ended March 31, 2009 are Shaanxi (12.2%), Shandong (10.6%), Anhui (6.2%), Xinjiang (6.0%) and Henan (5.4%), which in total accounted for 40.5% of our total fertilizer sales from the sale of our fertilizer products.
Safe Harbor Statement
This press release contains forward-looking statements concerning the Company's business, products and financial results. The Company's actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, and various other factors beyond the Company's control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
For more information, please contact:
China Green Agriculture, Inc.
Ms. Ying Yang, Chief Financial Officer
Tel: +1-626-623-2575
|
| Specialized in: |
China Green Agriculture
-
Announces
-
Full Exercise
-
Over-allotment Option
|
| URL: |
|
|
 |
Related Press releases |
 |
Free Tree Planted With Every DeeAmore Potato Purchase (Popularity: ): One potato, two potato, three potato, four...the more DeeAmore potatoes America eats, the more forests are restored. It's the DeeAmore "Buy One Get One Tree" program, and it's just in time for earth-friendly, budget-friendly holiday gift-giving.
Mr. Dee's, a leader in the frozen potato market, just launched its new DeeAmore line of yummy, healthy, all-natural dishes. DeeAmore is so committed to all things natural, it partnered with the National Forest Foundation ...
U.S. Census Bureau Daily Feature for July 23 (Popularity: ): Following is the daily "Profile America" feature from the U.S. Census Bureau:
THURSDAY, JULY 23: GARLIC FESTIVAL
Profile America -- Thursday, July 23rd. Legend has it that garlic will ward off vampires. More realistically, there's some evidence that garlic can help avoid mosquito bites and even lower cholesterol levels. But the three million people who are expected to flock to the Garlic Festival in Gilroy, California, tomorrow through Sunday will be there ...
US Farms, Inc. Hires VP Sales and Marketing for Retail Market (Popularity: ): US Farms, Inc. (Pink Sheets: USFM), a diversified Farming, Nursery and Wellness company is pleased to announce the appointment of Victor Brandstetter to the position of Senior Vice President of Sales and Marketing for all retail sales.
Mr. Brandstetter has a significant background in retail sales and marketing and recently served as the Director of Marketing and Sales for Orchid Hill Wines where he successfully expanded market share through innovative team ...
Farmers and Ranchers Coalition Formed in Support of the Employee Free Choice Act and the Middle Class (Popularity: ): Today, a new rural coalition announced its support of the Employee Free Choice Act as an important step towards rebuilding the middle class: Farmers & Ranchers for Employee Free Choice. The coalition represents more than 125,000 individuals in 30 states and includes the League of Rural Voters, the Federation of Southern Cooperatives/Land Assistance Fund, the National Family Farm Coalition, and other organizations with a stake in the future of rural ...
Sign the Greener Earth Pact on Chegg.com in Honor of Earth Day and Arbor Day (Popularity: ): In support of Earth Day and Arbor Day this year, April 20-24, Chegg.com is inviting people to commit to conservation by signing the Greener Earth Pact. By signing the Greener Earth Pact and agreeing to follow through on being more environmentally conscious, Chegg.com will plant up to 10 acres of trees. American Forests will match those efforts, planting an additional 10 acres of new forest growth. The trees will be ...
|
 |
Press release home snapshot |
 |
 |
Related Business |
 |
Site for Allotment Holders and Leisure Gardeners (Popularity: ): A website for allotment holders, allotment society managers, and leisure gardeners
Allotment Gardening in Oslo (Popularity: ): A report based on the results of a survey among allotment holders in Oslo in 1999.
Yang Yuxin's Option Page (Popularity: ): Explains both basic option concepts and exotic options. Provides a free Java Swing Applet option calculator for option pricing. Includes a glossary of option and derivatives terminology.
AgriBusiness China + Europe (ABC+E) (Popularity: ): This Dutch company assists Western enterprises to develop business relationships in rural China in horticulture and agriculture.
Option Monitor.com (Popularity: ): Stock option analysis focused on Covered Call Option strategies and LEAP option data designed for hedging investing and trading risk in the stock market.
Xteam Software Co. Ltd. (Popularity: ): Makes Xteam-brand ServerMonitor, LogAnalyzer, WebMail. Founded 1999, first specialized Linux firm in China, personal and business products and services. Downloads, news, purchase option. Beijing, China. English, Chinese.
China diplomacy hinging on 'Korea option' (Popularity: ): [CNN]
Deputy kills soldier during Green Beret exercise (Popularity: ): [CNN]
Agricultural Biodiversity under the Food and Agriculture Organization (FAO) (Popularity: ): Website provides full access to all relevant FAO documents on the conservation and sustainable use of Biological Diversity for Food and Agriculture - genetic, species and ecosystems: programmes, plans, treaties, conventions.
Green on Green Pasta Soup (Popularity: ): Full, four serving recipe, at RecipeSource.
|
|
|
 |
|
 |
| |
| | |
|
|
|
© 2003-2008 ABC Directory.Com. All Rights Reserved
|
|
|
 |
|
 |
|