Attached files
| file | filename |
|---|---|
| EX-1.1 - YUHE INTERNATIONAL, INC. | v199468_ex1-1.htm |
| 8-K - YUHE INTERNATIONAL, INC. | v199468_8-k.htm |
| EX-5.1 - YUHE INTERNATIONAL, INC. | v199468_ex5-1.htm |
| EX-99.2 - YUHE INTERNATIONAL, INC. | v199468_ex99-2.htm |
Exhibit 99.1
Contact:
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Yuhe
International, Inc.
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CCG
Investor Relations
|
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Mr.
Vincent Hu, Chief Financial Officer
|
Mr.
Athan Dounis, Account Manager
|
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Phone:
+86-536-7300-667
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Phone:
+1 (646) 213-1916
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|
Email:
vincent.hu@yuhepoultry.com
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Email:
athan.dounis@ccgir.com
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Mr. Jason
Wang, Director of Investor Relations
Phone: +1
(765) 409-1844
Email:
jason.wang@yuhepoultry.com
www.yuhepoultry.com
Yuhe
International, Inc. Announces Proposed Public Offering of Common
Stock
Weifang, Shandong Province, P.R.C.
October 19, 2010– Yuhe International,
Inc. (NASDAQ: YUII) (“Yuhe” or the “Company”), a leading supplier of day-old
chickens raised for meat production, or broilers, in the People’s Republic of
China (“PRC”), announced today that it intends to offer shares of its common
stock in an underwritten public offering. Roth Capital Partners is acting as
sole book-running manager for the public offering with Rodman & Renshaw,
Brean Murray, Carret & Co., and Global Hunter Securities acting as the
co-managers.
Yuhe
previously filed a registration statement on Form S-3 (File No. 333-167246),
together with the accompanying base prospectus, with the Securities and Exchange
Commission ("SEC") in connection with the offering, which was declared effective
by the SEC on June 23, 2010. Investors are advised to carefully consider the
investment objectives, risks and expenses of Yuhe before investing. The base
prospectus contains certain information about Yuhe and should be read carefully
before investing. A prospectus supplement describing the particular terms of the
offering will be filed with the SEC and will form a part of the effective
registration statement. When available, copies of the prospectus supplement and
the accompanying base prospectus may be obtained from the SEC's web site at
www.sec.gov, or from Roth Capital Partners, 24 Corporate Plaza, Newport Beach,
CA 92660, or rothecm@roth.com or via fax at (949) 720-7227.
This
press release shall not constitute an offer to sell, or the solicitation of an
offer to buy, any securities of Yuhe, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About
Yuhe International, Inc.
Founded
in 1996, Yuhe is the largest day-old broiler breeder in China. The Company's
main operations involve breeding, as all broilers are sold within a day of
hatching. Headquartered in Weifang, Shandong Province, the Company has modern
facilities and is led by an experienced team which includes experts in chicken
breeding, disease prevention and animal husbandry science. Yuhe has two
operational subsidiaries, Weifang Yuhe Poultry Co. Ltd. and Weifang Taihong Feed
Co. Ltd., which largely supplies the Company's internal demand for chicken feed.
Currently, 90% of the Company's sales of day-old broilers are in Shandong
province through 28 local agents. There are 10 other sales agents in adjacent
provinces. The Company has imported state-of-the-art equipment from the United
States, Germany and Japan and has passed ISO9001 certification, allowing it to
adhere to international standards of operation. For more information on the
Company and its products, please visit http://www.yuhepoultry.com.
Cautionary
Statement
This
press release contains forward-looking statements concerning the Company's
business, products and financial results. The Company's actual results may
differ materially from those anticipated in the forward-looking statements
depending on a number of risk factors including, but not limited to, the
following: general economic and business conditions, development, shipment,
market acceptance, additional competition from existing and new competitors,
changes in technology, and various other factors beyond the Company's control.
All forward-looking statements are expressly qualified in their entirety by this
Cautionary Statement and the risk factors detailed in the Company's reports
filed with the Securities and Exchange Commission. The Company undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.
###