Le Gaga Receives 'Going Private' Proposal of $4.01/ADS and $0.0802/Ordinary Share

Le Gaga Holdings Limited (Nasdaq: GAGA ) ("Le Gaga" or the "Company"), a leading greenhouse vegetable producer in China, announced today that its board of directors has received a non-binding proposal letter dated May 21, 2013 from Ms. Na Lai Chiu, the chairman of the Company's board of directors,