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Transaction Information
On June 25, 2010 Synutra
International, Inc. (NASDAQ: SYUT) announced
an underwritten public offering of 3,300,000 shares of its common stock at a per
share price of $19.00. The offering of the shares was made pursuant to a registration statement
previously filed with the Securities and Exchange Commission. ROTH Capital Partners acted as joint book-running manager of the offering.
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Client Information
Synutra
International Inc. is a leading infant formula company in China. It principally
produces, markets and sells its products under the "Shengyuan" or "Synutra"
name, together with other complementary brands. It focuses on selling premium
infant formula products, which are supplemented by more affordable infant
formulas targeting the mass market as well as other nutritional products and
ingredients. It sells its products through an extensive nationwide sales and
distribution network covering 30 provinces and provincial-level municipalities
in China. As of March 31, 2010, this network comprised over 540 distributors and
over 1,000 sub-distributors who sell Synutra products in over 71,000 retail
outlets.
(Source: Company Press Release).
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