Agria Corporation Announces Pricing of Initial Public Offering.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Agria ag·ri·a n. An extensive pustular eruption. Corporation ("Agria"), a fast-growing China-based agri-solutions provider engaged in research and development, and production and sale of upstream agricultural products, today announced that it has priced its initial public offering of 17,150,000 American Depositary Shares (ADSs) at $16.50 per ADS. The ADSs, each representing two ordinary shares, will begin trading on Wednesday, November 7, 2007 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "GRO GRO Guerrero (Estado de México) GRO General Register Office (UK) GRO Greater Research Opportunities GRO Gamma Ray Observatory GRO Growth-Related Oncogene GRO Greensboro, North Carolina ." The offering comprises an initial public offering of 12,000,000 ADSs by Agria and an additional offering of 5,150,000 ADSs by a selling shareholder of Agria disclosed in the prospectus. The underwriters have an option, exercisable for 30 days from the date of the prospectus, to purchase up to an additional 2,572,500 ADSs from Agria at the initial public offering price less the underwriting discounts and commissions to cover over-allotments of the ADSs. Credit Suisse acted as sole book runner Book Runner The managing or lead underwriter who maintains the books of securities sold for a new issue. Notes: In other words, this person is the underwriter who "runs" the books. Often the book runner is given credit for the total size of the deal. for this offering, and HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , Piper Jaffray and CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. acted as co-managers for the offering. A copy of the prospectus relating to the offering may be obtained from Credit Suisse Securities (USA) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Attn: Prospectus Department, One Madison Avenue 1B, New York, NY 10010; phone: 1-800-221-1037. Agria's registration statement relating to the securities offered in the offering was declared effective as of November 6, 2007, by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Agria Corporation Agria Corporation is a leading and innovative China-based agri-solutions provider focusing on research and development, production and distribution of upstream agricultural products. Its diversified portfolio of products comprises corn seeds, sheep breeding and seedlings, including proprietary products and technologies developed through its own in-house research and development capability. The company has access to approximately 27,000 acres of farmland in seven provinces and its extensive distribution network provides direct or third party distribution in 14 provinces. |
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