HONG KONG, Dec. 31 /PRNewswire-Asia-FirstCall/ -- China Cord Blood Corporation ("CCBC" or "the Company") (NYSE: CO), China's leading provider of cord blood collection, laboratory testing, hematopoietic stem cell processing, and stem cell storage services, today announced that the underwriters of its recent public offering of common stock have exercised a portion of their over-allotment option, which will result in the issuance of an additional 314,867 ordinary shares. The option was granted in connection with the public offering of 3,305,786 ordinary shares at a public offering price of $6.05 per share, which closed on November 24, 2009. The closing of the over-allotment issuance is scheduled for Tuesday, January 5, 2010 and will bring the total gross proceeds of the public offering to $21.9 million. China Cord Blood Corporation intends to use the net proceeds from the offering for the expansion into new geographical markets, including applications for new licenses and acquisitions and investments, and for the construction and upgrading of facilities in existing geographical markets.
Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. ( RODM) acted as lead Manager of the offering and Macquarie Capital acted as co-manager for the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, 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. This offering has been conducted solely by means of a prospectus supplement and accompanying prospectus relating to the offering of common stock can be obtained by contacting Rodman & Renshaw,
|SOURCE China Cord Blood Corporation|
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