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Pryor Cashman Represents Zhongpin Inc. in $60 Million Public Offering of Common Stock

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On October 15, 2009, Pryor Cashman client Zhongpin Inc. (Zhongpin), completed a $60 million public offering of 4,600,000 shares of its common stock.

Zhongpin was represented by Pryor Cashman Partner Eric M. Hellige, Chair of the firm’s Corporate Group.

Zhongpin is a meat and food processing company in the People’s Republic of China (PRC) specializing in pork and pork products, fruits and vegetables. Its distribution network in the PRC spans more than 20 provinces and includes over 3,000 retail outlets. Zhongpin’s export markets include the European Union and Southeast Asia. Zhongpin will use the net proceeds of the offering to fund expansion plans, to repay short-tem indebtedness and for working capital and general corporate purposes.

Piper Jaffray & Co. acted as lead manager of the underwriters in the offering.