Ironridge Global Partners, an institutional investor making direct equity investments in micro-cap public companies, has launched an 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 US public companies with Chinese facilities, operations or customers.
Ironridge Global closed a USD5m financing for L&L Energy, 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 RMB25m to Guizhou Qian Hong Mineral Resource Consulting Services in Guiyang, China, for the purchase of coal.
Ironridge Global Partners paid USD2.5m to three Chinese product suppliers of Green Innovations, whose stock trades on OTCQB, including Hong Kong DNF Industrial for the purchase of paper products.
Ironridge Global has also paid over USD6m to Sino Agro Food, an organic agriculture and aquaculture company whose stock is traded in the US 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," says John C Kirkland, managing director of Ironridge Global Partners. "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."
