Feihe (ADY) Pays $16.3M for Second Share Redemption with Sequoia Capital

Feihe International, Inc. (NYSE: ADY), paid $16.3 million to Sequoia Capital China Growth Fund I, L.P. and certain of its affiliates in redemption of the second tranche of 656,250 shares, pursuant to its redemption agreement with Sequoia. The second closing of the redemption was required by October 31, 2011, and two additional redemptions are scheduled to occur in the next 6 months.

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