Top-up placement for PRC orange plantation owner

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    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.

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