Chinese seafood-based snack maker China Marine Food Group has announced that it plans to sell 4.6m shares in order to raise US$28.5m.
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The company said that it will issue 4,615,388 shares at $6.50 per share.
The offering is subject to customary closing conditions and is expected to close on 25 January.
The company intends to use the net proceeds from this offering for working capital and general corporate purposes.
