Hunter Wise Securities Serves as Sole Placement Agent for $17 Million Funding of Chinese Pork Producer Dalian Chuming
10 Enero 2008 - 4:00AM
PR Newswire (US)
IRVINE, Calif., Jan. 10 /PRNewswire/ -- Hunter Wise Securities,
LLC, today announced that it acted as the sole placement agent for
the $17 million simultaneous funding of the acquisition by
Energroup Holding Corporation (OTC:ENHD) (BULLETIN BOARD: ENHD) of
all the issued and outstanding capital stock of Precious Sheen
Investments, Limited. PSI is the parent company of Dalian Chuming,
a pork processing company in China with $70.4 million sales in 2006
and $89.7 million for the first three quarters of 2007. "We are
pleased to have assisted in this significant Chinese Alternative
Public Offering (APO) transaction," said Hunter Wise Managing
Director Daniel J. McClory. Mr. McClory heads up the firm's Small
Cap Public Equities practice, which has assisted more than 50 U.S.,
Asian and European companies in completing financings through the
public markets. "The economic growth in China, and its companies'
interest in the U.S. securities markets is opening major new
business opportunities for Hunter Wise," Mr. McClory said.
Headquartered in Irvine, southern California, Hunter Wise operates
from eight offices in the U.S., U.K., and Canada. Dalian Chuming is
the second largest pork processor in the Liaoning Province of the
People's Republic of China, and is known for its international
quality management standards and food safety awards. It sells
fresh, frozen and packaged meat and deli products directly to
thousands of retail outlets in China including Wal-Mart, Metro and
Carrefour, three of the world's top ten retailers. According to the
U.S. Department of Agriculture, China is the largest pork producer
and consumer in the world, with an estimated $32 billion annual
market. Hunter Wise was responsible for executing the Chuming APO
transaction, which involved a simultaneous reverse merger with an
existing public shell corporation, and a PIPE (Private Investment
in Public Equity) financing from China-focused U.S.-based
institutional investors. "This was a major Asian transaction for
Hunter Wise and puts on display our financing ability, M & A
expertise, and institutional investor relationships to assist
profitable growth companies in the burgeoning China market as they
enter the U.S. public venues," said Fred G. Jager, Hunter Wise
President. About Hunter Wise Hunter Wise provides mid-market
investment banking services from six offices in the U.S. and
offices in the United Kingdom and Canada, with two additional
offices scheduled to open in America soon. Its growth and expansion
in both services and skilled personnel is making it a leader in the
mid-market sector. It provides the highest quality level of
institutional financing, merger, acquisition, divestiture and
advisory services for small to medium-sized public companies and
selected middle market privately-held businesses. CONTACT: Paul
Knopick E & E Communications (949) 707-5365 DATASOURCE: Hunter
Wise Securities, LLC CONTACT: Paul Knopick of E & E
Communications, +1-949-707-5365, , for Hunter Wise Securities, LLC
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