AUCKLAND, NEW ZEALAND--(Marketwired - Feb 15, 2017) - Agria Corporation ("Agria" or "the Company"), today issued the following statements regarding the delisting of its American Depositary Shares ("ADS" or "shares") from the New York Stock Exchange. Trading of the ADSs was suspended on November 3, 2016, and the shares were formally delisted on January 2, 2017.
Mr. Alan Lai, Executive Chairman of Agria, commented: "We appreciate our shareholders' patience as we weigh a number of conflicting factors that impact shareholders and chart the next course of action for our Company. Because the next steps will impact shareholders for some time, we are being deliberative and thorough in our decision-making process. I want to assure our shareholders that our highest priority is serving the best interests of the owners of the company. I am the largest shareholder of Agria, so the interests of our Board, management, and shareholders are tightly aligned."
About Agria Corporation
Agria is a global agricultural company with three principal business segments: Seed and Grain; Crop Protection, Nutrients and Merchandise; and Rural Services. The Seed and Grain segment is engaged in research and development, production and sale of a broad range of seed products and trading of seed and grain products globally. The Crop Protection, Nutrients and Merchandise segment operates an extensive chain of retail stores that supply farm input materials. The Rural Services segment provides livestock trading, wool trading, irrigation and pumping, real estate agency and other agriservices. For more information about Agria Corporation, please visit www.agriacorp.com.
Safe Harbor Statement:
This announcement contains forward-looking statements. These statements, including the management's commentary, are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Agria may also make written or oral forward-looking statements in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Agria's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in Agria's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this announcement unless otherwise stated and Agria does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contact Information:
Contact:
The Blueshirt Group
Asia
Gary Dvorchak, CFA
Phone (China): +86 (138) 1079-1480
Email: gary@blueshirtgroup.com
United States
Ralph Fong
Phone: +1 (415) 489-2195
Email: ralph@blueshirtgroup.com