r****1
发帖数: 2299 | 1 看到FEED前两天的新闻，感觉应该算是利好吧。
NEW YORK, Oct. 11 /PRNewswire-Asia/ -- AgFeed Industries, Inc. (Nasdaq: FEED
, NYSE Alternext: ALHOG), an international agribusiness with operations in
the U.S. and China and one of the largest independent hog production and
animal nutrient companies in China, announced that its wholly owned
subsidiary, AgFeed Animal Nutrition Holdings, Inc. ("AANI"), has filed a
registration statement on Form F-1 with the U.S. Securities and Exchange
Commission (the "SEC") for a proposed initial public offering ("IPO") of its
Class A ordinary shares. The number of ordinary shares to be offered and
the price range for the offering have not yet been determined.
The registration statement relating to the IPO has been filed with the SEC
but has not yet become effective. The Class A ordinary shares, which will
be sold in this IPO, may not be sold, nor may any offers to buy be accepted,
prior to the time the registration statement becomes effective.
Rodman & Renshaw LLC will act as the underwriter for the IPO.
Dr. Songyan Li, AgFeed's Chairman, stated, "We believe that the carve out of
AANI will be a positive development for our shareholders and for the
business prospects of AANI. Establishing a public market for AANI will
provide an independent valuation of one of our business units that we feel
has been overlooked by the market, thus unlocking value for AgFeed's
shareholders. As a public company in its own right, AANI will have a sharp
strategic focus and will have independent access to both debt and equity
capital to support its pursuit of a myriad of growth opportunities."
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION
OF ANY OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF, THE SECURITIES
DESCRIBED HEREIN IN ANY STATE OR JURISDICTION IN WHICH SUCH AN OFFER,
SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH STATE OR JURISDICTION.
THIS ANNOUNCEMENT IS BEING ISSUED PURSUANT TO AND IN ACCORDANCE WITH RULE
134 UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
When available, a copy of the preliminary prospectus may be obtained from
Rodman & Renshaw LLC via telephone at (212) 356-0500.
ABOUT AGFEED INDUSTRIES, INC.
NASDAQ Global Market Listed AgFeed Industries (www.agfeedinc.com) is an
international agribusiness with operations in the U.S. and China. AgFeed
has two business lines -- animal nutrients in premix, concentrates and
complete feeds and hog production. AgFeed is one of China's largest
commercial hog producers in terms of total annual hog production as well as
one of the largest premix feed companies in terms of revenues. In the U.S.
AgFeed's hog production unit, M2P2, is the market leader in setting new
standards for production efficiency and productivity. The transfer of these
processes, procedures and techniques will allow our Chinese hog production
units to set new standards for production in China. China is the world's
largest hog producing country that produced over 645 million hogs in 2009,
compared to approximately 100 million hogs produced annually in the U.S.
China also has the world's largest consumer base for pork consumption. Over
62% of total meat consumed in China is pork. Hog production in China
enjoys income tax free status. The swine feed markets in which AgFeed
operates represent a $20 billion segment of China's $58 billion per year
animal feed market.
SAFE HARBOR DISCLOSURE NOTICE |
|
