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Wednesday, October 5, 2022

Today’s Watch List: Sino Agro Food Inc (OTCBB:SIAF)

Sino Agro Food Inc (OTCBB:SIAF) is consolidating well in the $8 range after the run up from $6 to well over $9. 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 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.
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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.

 

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

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