多謝
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Form 8-K for CHINA GREEN AGRICULTURE, INC.
25-Nov-2009
Other Events, Financial Statements and Exhibits
Item 8.01. Other Events.
On November 25, 2009, China Green Agriculture, Inc. (the "Company") announced that it closed its previously announced sale of 1,282,052 shares (the "Shares") of its common stock at a price of $15.60 per share for gross proceeds of $20,000,011.20. The Shares were sold pursuant to a shelf registration statement on Form S-3 (File No. 333-159842) that was declared effective by the Securities and Exchange Commission (the "Commission") on June 12, 2009, the statutory prospectus included therein, and the prospectus supplement thereto filed with the Commission on November 23, 2009. The Company plans to use the proceeds from this financing for working capital as more fully described in the financing documents. Rodman & Renshaw, LLC served as sole placement agent in the transaction.
We had inventory of $9,906,700 as of December 31, 2009 as compared to $7,162,249 as of June 30, 2009, an increase of $2,744,451. This increase was mainly due to the increased work in progress at Jintai to accommodate the increase in demand we typically experience during the Chinese New Year, which occurs in February.
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