China Green Agriculture, Inc. (NYSE: CGA) entered a definitive agreement through their wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., to sell 320,512 share of common stock for a price of $15.60 per share to an institutional investor. Rodman and Renshaw had acted as the exclusive agent for the transaction. The company plans on using their net proceeds for working capital purposes.
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About China Green Agriculture, Inc.
China Green Agriculture, Inc. produces and distributes humic acid ("HA") based compound fertilizer through its wholly owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd., ("Jinong"). Jinong produces and sells over 130 different kinds of fertilizer products per year.
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