China Green Agriculture (NYSE:CGA)

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Tuesday, February 1, 2011

CGA acquired Beijing Gufeng Chemical Products Co. for a fair market price of $8.8 million in cash plus 2,275,931 shares of CGA common stock, as it reported to the SEC.

CGA’s management constructed the terms for the deal specifying 40% of the shares to be placed in escrow pending satisfaction of certain conditions such as ”make good” targets of

$88.4 million in revenue
$10.6 million in net profit for Gufeng for the fiscal year ended June 30, 2011.

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