SOURCE: China Swine Genetics, Inc.

China Swine Genetics, Inc.

March 01, 2010 14:00 ET

China Swine Genetics (CSWG.OB) Announces Close of $2.1 Million Bridge Financing

HARBIN, CHINA--(Marketwire - March 1, 2010) -  China Swine Genetics, Inc. (OTCBB: CSWG), a company engaged in the business of breeding and raising hogs and piglets for distribution to slaughter facilities and pork distributors in the People's Republic of China, announced today that on February 22, 2010 it closed a $2,165,000 bridge financing, through the issuance of 10% secured convertible notes due February 22, 2011.

Jayhawk Capital Management LLC, a China focused fund, invested a significant portion of the notes issued. Primary Capital LLC acted as Placement Agent in the financing.

Mr. Zhenyu Shang, CEO of China Swine, stated, "Our management team is very pleased by the Company's ability to readily access the capital markets with quality institutional investors who understand our business and support our corporate vision. We are grateful for the support of our new investors, as well as the continued support of our banker, Primary Capital. This financing will be used to further expand our presence as a US public company."

Details regarding the financing are contained in the Company's Current Report on Form 8-K that was filed on February 23, 2010 with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities issued in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and accordingly may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. 

About China Swine Genetics Inc. (http://www.hljsenyu.com)

China Swine Genetics, Inc., through its wholly-owned subsidiaries and joint venture partner, is engaged in the business of breeding and raising hogs and piglets, then distributing them to slaughter facilities and pork distributors in the People's Republic of China (PRC). China Swine's objective is to establish itself as a leading producer and distributor of commercial hogs and piglets in the PRC. For the six months ended December 31, 2009, revenue reached $44.9 million, an increase of 70% over the first six months of fiscal 2009. For the six months ended December 31, 2009, net income reached $7.8 million, an increase of 141% over the first six months of fiscal 2009.

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