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Tianli Agritech Announces Closing of IPO

by 5m Editor
28 July 2010, at 8:53am

CHINA - Tianli Agritech, Inc, a hog breeding company based in Wuhan, China, has closed its its initial public offering of 2,000,000 common shares at $6.00 per share.

The common shares began trading on 20 July under the ticker symbol "OINK" on the Nasdaq Global Market.

Tianli Agritech CEO Ms. Hanying Li said: "We are very pleased for our company to begin trading on the Nasdaq Global Market. This is recognition of the growth and success of our company so far. We greatly appreciate the support from initial shareholders. We will work hard to continue to build shareholder value."

Of the 2,000,000 common shares sold in the offering, all of the shares were sold by Tianli Agritech, Inc.

Anderson & Strudwick, Inc. acted as the lead placement agent for the offering and together with six other broker-dealers placed the maximum offering size of 2,000,000 shares with a total of about 920 primarily retail accounts.