China Marine Food Group Ltd. (CMFO) announced that it entered into definitive agreements to sell 4.62 million shares of common stock at a price of $6.50 per share.
Net proceeds, after underwriting discounts and commissions and before offering expenses payable by the Company, will be about $28.50 million. The offering is subject to customary closing conditions and is expected to close on January 25, 2010.
The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.