Ironridge Global Partners, LLC Launches China Initiative to Fund Chinese Public Companies with $5 Million Deal
Ironridge Global finances small-cap and micro-cap companies based in China, whose stock is publicly traded on NASDAQ, NYSE MKT, OTCQX and OTCQB, as well as U.S. public companies with Chinese facilities, operations or customers.
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
Ironridge Global Partners, LLC is an institutional investor, making direct equity investments in micro-cap public companies. Its Liability for Equity (LIFE™) program allows public companies to satisfy trade payables, debts and other liabilities in exchange for unregistered common stock utilizing a Section 3(a)(10) fairness hearing. Ironridge Global is the industry leader in this innovative financing structure, which substantially reduces the transactional costs and time necessary to complete a deal. The fund has entered into more than 50 equity financing transactions since 2011, ranging from under a quarter million to over $15 million each. Ironridge Global seeks to be a long-term financial partner, assisting public companies in financing growth and expansion by supplying innovative funding solutions and flexible capital. For more information on Ironridge Global Partners, please visit http://www.ironridgeglobal.com/?lang=zh.