Company update: Zhongpin announces follow-on common stock offering

14-03-2011 | |

Zhongpin Inc., a leading meat and food processing company in the People’s Republic of China (“China”), announced that it has begun a follow-on common stock offering.

Zhongpin will offer 5 million shares of common stock and non management stockholders will offer 530,000 shares of common stock, with an over-allotment option of up to 15 percent of the offering size.  
Credit Suisse Securities (USA) LLC is acting as the sole bookrunner for the offering and Cowen and Company, LLC, Oppenheimer & Co. Inc. and Maxim Group LLC are acting as co-managers.  The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on December 10, 2010, amended on January 12, 2011, and declared effective on January 31, 2011.  A prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission.

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