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ROTH Capital Partners Completes $63 Million Common Stock Offering for Synutra International, Inc. (SYUT)

 

For more information on how
ROTH can help you, please contact:


Investment Banking
Byron Roth
Chairman & CEO
(949) 720-5721

broth@roth.com

Robert Stephenson
Managing Director
(949) 720-5750

rstephenson@roth.com

Marcus Tan
Managing Director
(86) (21) 6141 5757 ext. 7025

mtan@roth.com

Tongwei Wu
Director
(86) (21) 6141 5757 ext. 7014

twu@roth.com

Josh Matthew, CFA
Vice President
(949) 720-7104

jmatthew@roth.com

Han Hu
Analyst
(949) 720-5752

hhu@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity Capital Markets
(949) 720-5703

agurewitz@roth.com

Lou Ellis
Senior Vice President
(949) 720-5739

lellis@roth.com

Nazan Akdeniz
Senior Vice President
(949) 720-5740

nakdeniz@roth.com

 

ROTH Capital Partners
 
 

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.
 

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).

ROTH Capital Partners

Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on identifying opportunities for institutional investors in U.S.-listed equity securities of companies based in the U.S. and China.  Headquartered in Newport Beach, CA, with offices throughout the U.S. and a Shanghai Representative Office, the employee-owned firm provides analytical research, trading, capital raising, and business combination advisory services.  ROTH seeks to implement innovative financing strategies to efficiently meet the liquidity and valuation requirements of both its corporate and institutional investor clients.


The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC (“ROTH”) and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2010.