Wellington, June 17 NZPA - Juice company Charlie's says it has turned down offers for the business.

The company confirmed that investment bank ABN Amro Craigs had helped its board in evaluating various approaches, The New Zealand Herald reported.

"Despite indicative interest from various industry participants at or around current market pricing the board has determined that none of the approaches are an attractive level at this time," Charlie's said.

Charlie's shares closed yesterday at 11.5c, giving it market capitalisation of about $31.9 million. The shares have traded as high as 15c in the past 12 months.

The company will look at capital raising options as it pushes for growth in the Charlie's and Phoenix drinks brands across New Zealand, Australia and other markets.