web analytics
-0.8 C
Munich
Saturday, November 26, 2022

Sino Agro Food Inc (OTCBB:SIAF) Holding Strong

Sino Agro Food Inc (OTCBB:SIAF) continues to consolidate well over $8 after the recent run up from just over $6 to a high of $9.50 a share. The stock was trading as SIAFD after the 1 for 9.9 reverse split of the stock on December 16 but has now changed back to SIAF.

In recent news The Company said that the Agricultural Development Bank of China (ADBC) has doubled its loan facilities to SJAP to 80M RMB (from 40M RMB). In November 2014, Sino Agro announced it would evaluate and explore proposed listing and M&A opportunities for SJAP, its integrated cattle farm subsidiary.

In the past investors were wary of SIAF as the Company has a history of massive dilution and this is one of the primary reasons SIAF stock never went much over $0.40. The recent $25 million convertible note funding brings significant investor confidence that SIAF has turned the corner and will no longer need to issue equity.

As well the stock has been spurred on by a recent partnership with Tesco that will help it to expand sales and consolidate business.

Sino Agro Food Inc(OTCBB:SIAF) is an agriculture technology and natural food holding company with principal operations in the People’s Republic of China. The Company acquires and maintains equity stakes in a cohesive portfolio of companies that SIAF forms according to its core mission to produce, distribute, market and sell natural, sustainable protein food and produce, primarily seafood and cattle, to the rapidly growing middle class in China.
We Have a MASSIVE Stock Pick Coming ASAP. Only a Crazy Person would Miss this!

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

SIAF provides financial oversight and strategic direction for each company, and for the interoperation between companies. The Company owns or licenses patents, proprietary methods, and other intellectual properties in its areas of expertise. SIAF provides consulting and services to joint venture partners to construct and operate food businesses, primarily producing wholesale fish and cattle. Further joint ventures market and distribute the wholesale products as part of an overall “farm to table” concept and business strategy.

SIAF largest and most scalable businesses are indoor and semi-enclosed open dam aquaculture production. This includes a variety of seafood, prawns, and eel, and also a production of over 60 cuts of beef and lamb.

Recently SIAF entered into two contracts with Tesco Plc (OTCPK:TSCDF) to become both a supplier and an in-store butcher shop concessionaire of beef and lamb. Sino Agro will provide its own brand of product lines, as well as design for its in-store butcher shops. Supply of beef and lamb will start in major Shanghai Tesco stores, and branded outlets will expand in phases. This will provide for a most cost effective and cash flow effective manner to integrate the distribution and retail levels of SIAF business models.

Tesco is one of the largest grocery and merchandise retail chains in the world, operating almost 7,000 stores with revenue of US$120 billion. On May 29, 2014, Tesco formed a joint venture with China Resources Enterprise, Ltd. (“CRE”), operators of the “Vanguard” retail chain, to create the largest multi-format retailer in China.

On November 18 SIAF announced that CEO Solomon Lee will present at the Jordan Fund Ecological Food Evening at 18:00 CET, Tuesday, November 25th, 2014. Attendance at the presentation for non-Jordan Fund members is subject to availability.

SIAF has been losing ground since the 1 for 9.9 reverse stock split of the stock on December 16. Investors are looking for the stock to stabilize here and head up again as it was steadily before the reverse.

 

For more info on SIAF Please Subscribe below, also you should know we have Something Huge Coming!

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in SIAF either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.