Top-up placement for PRC orange plantation owner

    April 29, 2010 | BY

    clpstaff &clp articles

    Asian Citrus Holdings, an operator of orange plantations in China, made a top-up placement of 68 million of its shares and a placement of 27 million shares…

    Asian Citrus Holdings, an operator of orange plantations in China, made a top-up placement of 68 million of its shares and a placement of 27 million shares of Asian Citrus by shareholder Huge Market Investments. The transactions were valued at an aggregate of $70 million.

    Merrill Lynch Fear East and CLSA Limited were the joint placing agents. Ordinary shares of Asian Citrus are listed on the Hong Kong Stock Exchange, the Aim and the Plus Market.

    Fried Frank in Hong Kong advised the joint placing agents. Victoria Lloyd and Joshua Wechsler led the team. Mallesons Stephen Jaques represented the issuer and the vendor.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]