DAQING, China, June 23, 2011 /PRNewswire-Asia-FirstCall/ --
China Nutrifruit Group Limited (NYSE Amex: CNGL) ("China
Nutrifruit" or "the Company"), a leading producer of premium
specialty fruit based products in China ("PRC"), today announced that it has
filed an application with the Securities and Exchange Commission to
withdraw its registration statement on Form S-1, Registration No.
333-171286, for a proposed offering of 73,000,000 units of Taiwan
Depositary Receipt (the "TDRs"), representing 7,300,000 shares of
the Company's common stock. The Company also withdrew its
application for listing the TDRs on the Taiwan Stock Exchange.
"After careful considerations, we have decided not to pursue the
TDR listing due to uncertainties in the global capital markets. We
believe it is in our shareholders' best interest to withdraw the
application given the current market volatility," said Mr.
Changjun Yu, Chairman and CEO of
China Nutrifruit.
About China Nutrifruit Group Limited
Through its subsidiaries Daqing Longheda Food Company Limited
and Daqing Senyang Fruit and Vegetable Food Technology Company
Limited, China Nutrifruit, is engaged in developing, processing,
marketing and distributing a variety of food products processed
primarily from premium specialty fruits grown in Northeast China, including golden berry, crab
apple, blueberry, seabuckthorn, blackcurrant and raspberry. Its
processing facility possesses ISO9001 and HACCP series
qualifications. Currently, the Company has established an extensive
nationwide sales and distribution network throughout 18 provinces
in China. For more information,
please visit http://www.chinanutrifruit.com .
Company Contact:
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Investor Relations Contact:
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Mr. Colman Cheng, Chief
Financial Officer
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Mr. Crocker Coulson,
President
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China Nutrifruit Group
Limited
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CCG Investor
Relations
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Tel:
+852-9039-8111
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Tel:
+1-646-213-1915 (NY office)
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Email:
zsj@chinanutrifruit.com
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Email:
crocker.coulson@ccgir.com
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Website:
www.chinanutrifruit.com
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Website:
www.ccgirasia.com
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Linda Salo, Account
Manager
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Tel: +1-646-922-0894 (NY
office)
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Email:
linda.salo@ccgir.com
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SOURCE China Nutrifruit Group Limited