Golden Green Enterprises Ltd. (Nasdaq:CHOP) ("Golden Green" ), a leading China-based specialty precision cold-rolled steel producer, announced today that the Company priced a public offering of 4,800,000 ordinary shares at $5.00 per share, resulting in approximately $21.6 million in net proceeds, after deducting the underwriting discount, commissions, and expenses. The underwriters have been granted a 45-day option to purchase up to an additional 720,000 ordinary shares to cover over-allotments, if any.
Free Hot Penny Stocks, an online financial publication, provides investors timely stock market alerts. Free hot penny stocks profiles stock picks that could generate higher returns than average. These penny stocks include stocks with news, chart breakouts or increased volume.
Sign Up Today for our Penny Stock Newsletter
Golden Green intends to use the net proceeds from the offering to construct and expand its manufacturing facilities and production lines, maintain existing machinery and purchase additional manufacturing equipment for its new production lines, fund research and development efforts for new and existing products, and for working capital and other general corporate purposes. The offering is expected to close on or about November 16, 2009. Maxim Group LLC is acting as the sole book-running manager for the offering and Chardan Capital Markets LLC is acting as co-manager. A registration statement relating to the ordinary shares was declared effective by the Securities and Exchange Commission on November 9, 2009. .Golden Green, a British Virgin Islands holding company, through its operating subsidiary, Henan Green Complex Materials Co., Ltd ("Henan Green"), is a leading China-based specialty precision cold-rolled steel producer. The Company manufactures high-end, high precision, ultra thin, high strength, cold-rolled, narrow strip steel products that are characterized by stringent performance and specification requirements that mandate a high degree of manufacturing and engineering expertise. Golden Green's products are not standardized commodity products, but are tailored to customers' requirements and then incorporated into products they and end-users make for various applications. The Company sells its products to domestic Chinese customers in a diverse range of industries, including the food packaging, telecommunication, electrical appliance, and construction materials industries. Golden Green is located in the Henan Province of China and maintains a website .
Sign Up for Free Hot Penny Stocks’ FREE Penny Stock Newsletter.
About Us
Free Hot Penny Stocks is a financial website and independent electronic publication that provides information and free penny stock alerts on selected publicly traded companies. We also track small cap companies and other stocks that may be positioned to break out. These penny stocks might have news, increased volume or chart breakouts. These penny stocks that are alerted could generate greater than average returns. Feel free to visit our penny stock forum to discuss other penny stock picks or penny stocks that you might own.
Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer
