December 7, 2009 (FinancialWire) — QKL Stores Inc. (NASDAQ: QKLS), a regional supermarket chain in Northeast China, announced that the underwriter of the company’s recent public offering elected to exercise its option to purchase an additional 900,000 shares of the company’s common stock to cover over-allotments.

Roth Capital Partners, LLC acted as the sole book runner for the offering.

In total, including the over-allotment shares, the company has sold 6.9 million shares of ITS common stock at $5.75 per share in the public offering.

After underwriting discounts and commissions and estimated offering expenses, the company has received net proceeds of approximately $37.4 million, which includes approximately $4.9 million in net proceeds from the exercise of the over-allotment option.

Daqing, China-BASED QKL Stores operates in Northeast China.

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