Yongye Hit on Secondary (YONG)

Posted in pre-market 
December 17th, 2009

Yongye International, Inc. (NASDAQ: YONG) is down 9.15% at $7.53 on 49,000 shares as of 8:32 AM EST.  The company has announced a secondary offering to conducted through Roth Capital and Oppenheimer.  After an $8.29 close yesterday, it is selling 8 million shares at $7.50 per share.  If you recall, this is one of the ag-feed companies in China that chased SEED and FEED tickers when they were running.

JON C. OGG

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