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AgFeed Industries, Inc, 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.”
http://www.agfeedinc.com/news/agfeed-industries-inc%C2%A0announces-filing-of-a-registration-statement-for-an-initial-public-offering-of-shares-in-its-subsidiary-agfeed-animal-nutrition-holdings-inc
