DongFang Modern Agriculture (ASX: DFM)

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A leading agricultural food producer in the world's largest market Second largest citrus fruits harvester in China Strong balance sheet

DongFang Modern Agriculture (ASX: DFM) (Agriculture)

IPO -

Dongfang Modern Agriculture Holding Group Limited (“Dongfang”, ASX:DFM) is a highly profitable agricultural food producer supplying the world’s largest agricultural market, China.

Since inception in 2009, Dongfang has grown to become the second largest company in China harvesting citrus fruits. In 2014, the company produced over 200,000t of tangerine (mandarin), pomelo, navel oranges and camellia seed and fruit products on over 7,976 hectares of farms. Dongfang has been a successful aggregator of small
plantations that have provided high revenue and earnings growth in the PRC’s tax exempt agricultural food sector.

The ASX IPO will allow timely access to new capital (A$39m minimum and A$50m maximum subscription and bigger acquisition) for the Company’s expansion plans and will augment A$56m in current cash and expected A$75m earnings in calendar 2015.

Summary of Total Offer

Unit Price: A$1.00
Total Units on Offer: 39 million
Raising: $A39,300,000

Head Broker:

Barry Dawes
bdawes@mpsecurities.com.au
+61 2 9222 9111

About this Capital Raising

  • IPO
  • October 16, 2016 17:00
  • $A39,300,000