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Monday, September 06, 2010 4:12:52 PM
SPU $4.85 daily and weekly charts by XELA22 6 Sep 10.
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XI'AN, China, Aug. 30 /PRNewswire-Asia-FirstCall/ -- SkyPeople Fruit Juice, Inc. (Nasdaq:SPU - News) ("SkyPeople" or the "Company"), a manufacturer of kiwifruit, apple, pear and other concentrated specialty fruit juices and manufacturer of Hedetang branded fruit beverages, today announced that it has closed its previously announced sale of 5,181,285 shares of its common stock at a price of $5.00 per share for approximately $25.9 million. The Company has granted the underwriters a 45-day option to purchase up to an additional 777,193 shares to cover over-allotments, if any.
The Company received aggregate net proceeds of approximately $24 million after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, not including the over-allotment option. The Company expects to use the net proceeds from this offering for capital expenditure, including improvements to the Huludao Wonder and Qiyiwangguo facilities.
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XI'AN, China, Aug. 30 /PRNewswire-Asia-FirstCall/ -- SkyPeople Fruit Juice, Inc. (Nasdaq:SPU - News) ("SkyPeople" or the "Company"), a manufacturer of kiwifruit, apple, pear and other concentrated specialty fruit juices and manufacturer of Hedetang branded fruit beverages, today announced that it has closed its previously announced sale of 5,181,285 shares of its common stock at a price of $5.00 per share for approximately $25.9 million. The Company has granted the underwriters a 45-day option to purchase up to an additional 777,193 shares to cover over-allotments, if any.
The Company received aggregate net proceeds of approximately $24 million after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, not including the over-allotment option. The Company expects to use the net proceeds from this offering for capital expenditure, including improvements to the Huludao Wonder and Qiyiwangguo facilities.
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