Underwriters for QKL Stores buy shares worth $4.9M

AP News
Posted: Dec 04, 2009 6:15 PM

Chinese grocer QKL Stores Inc. said on Friday that the underwriter in its recent public offering, Roth Capital Partners LLC, exercised an option to buy 900,000 shares.

The sale to Roth raised another $4.9 million. That brought the total from the offering to $37.4 million (at $5.75 each) from a total offering of 6.9 million shares.

Just 9,684 of the shares traded Friday on Nasdaq, where they closed down 7 cents at $6.33.