Ironridge Global Partners, LLC Launches China Initiative To Fund Chinese Public Companies With $5 Million Deal
LOS ANGELES, Aug. 31, 2013 /PRNewswire/ -- Ironridge Global Partners, LLC, an institutional investor making direct equity investments in micro-cap public companies, today announced that it has launched a China initiative to fund Chinese public companies, including companies based in China whose stock is publicly traded on NASDAQ, NYSE MKT, OTCQX or OTCQB, as well as U.S. public companies with Chinese facilities, operations or customers.
Ironridge Global closed a $5 Million financing for L&L Energy, Inc., an American company whose stock is traded on the NASDAQ Global Select Market, in the business of producing, processing and selling coal in the People's Republic of China. As part of the deal, Ironridge paid ¥25 Million RMB to Guizhou Qian Hong Mineral Resource Consulting Services Co., Ltd in Guiyang, China, for the purchase of coal.Ironridge Global Partners paid $2.5 Million to three Chinese product suppliers of Green Innovations Ltd., whose stock trades on OTCQB, including HongKong DNF Industrial Co., LTD. for the purchase of paper products. Ironridge Global has also paid over $6 Million to Sino Agro Food, Inc., an organic agriculture and aquaculture company whose stock is traded in the U.S. markets and is headquartered in Guangzhou, the People's Republic of China, and its Chinese creditors. " China is the world's second largest economy, and has been among the world's fastest growing economies for three decades," commented John C. Kirkland, Managing Director of Ironridge Global Partners, LLC. "As credit availability in China contracts, we view the market as a tremendous investment opportunity, especially in the small-cap and micro-cap sectors, and we are aggressively seeking additional Chinese investments." About Ironridge Global Partners
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