Aquaculture the New Main Focus of Sino Agro Food - Analyst Report by BrokerBank Securities, Inc.
NEW YORK, May 6, 2015 /PRNewswire/ -- Sino Agro Food Inc. (OTC: SIAF) an integrated, diversified agriculture technology and organic food company with principal operations in the People's Republic of China, recently provided an update on the company's new strategic plan designed to complement operational performance with corporate steps to unlock shareholder value. The focal points of the announcement included updates to the company's long-term vision, the future of the company's shares and the appointment of a new CFO.
Sino Agro Food's long-term vision is to become a leading sustainable aquaculture company focused on organically farmed fish and prawns. In this process, other businesses will be divested, either through separate listings or M&A. Additionally, the company, together with its newly appointed financial advisor Arctic Securities, set an objective to list its common equity on the Oslo Stock Exchange as soon as possible. Lastly, the company appointed Mr. Bertil Tiusanen as group CFO effective May 1st 2015.
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