Sino Agro Food Inc (OTCBB:SIAF) is taking small but meaningful steps. In its most recent press note, the company updated its stakeholders with the milestones achieved and outlined a roadmap for the next 5 years. As per the company’s press note, it laid down a clear goal of becoming a leading aquaculture company through an extensive focus on organically farmed fish and prawns. In this direction, the company is mulling to divest from its other businesses, which will be achieved either through M$A or listings.
New updates
Additionally, Sino Agro Food Inc (OTCBB:SIAF) is strongly pursuing plans of listing its shares on Oslo Stock Exchange, for which, it has already appointed Arctic Securities as its financial advisor. Moreover, the company has appointed Mr. Bertil Tiusanen as CFO, who will assume responsibilities starting May 1, 2015. Also, Sino Agro Food Inc (OTCBB:SIAF) has engaged Box communications to take care its Nordic IR activities. The company’s undivided attention towards executing the plan and boost its shareholder value is helped by its collaboration with Euro China Capital AB last September.
Next five years
Its association with Euro China has not only helped it to draw a short term plan but also to arrive at a broader picture and list down its vision for the next 5 years. Sino Agro Food Inc (OTCBB:SIAF) confidently stated its vision to gain a position of a leading aquaculture company within the said period.
The company noted that it had generated revenues of $229 million in 2014, while its gross profit stood at $70 million. Going forward, the company sees a substantial growth prospect for its business to flourish, particularly through the Zhongshan Prawn Project. The company updated that it has installed first two thousand metric tonnes of annual production capacity earlier this year and will initiate production by the early summer.
The stock of Sino Agro Food Inc (OTCBB:SIAF) went up marginally by 0.64% to $14.11 on Tuesday as 98,000 shares traded hands.
