Sino Agro Food, Inc. Declares Dividend
GUANGZHOU, China, Dec. 6, 2012 /PRNewswire/ -- Sino Agro Food, Inc. (OTCBB: SIAF.OB), an emerging integrated, diversified agriculture technology and organic food company (the "Company") with its principal operations located throughout the Peoples Republic of China ("PRC"), is pleased to announce the Company's Board of Directors has declared its third consecutive annual Cash Dividend on its Common Stock, payable in the amount of US$0.01 for every one share issued and outstanding, with a distribution date of January 15th, 2013, payable to our December 26th, 2012 shareholders of record.
Mr. Solomon Lee , Chief Executive Officer of the Company, stated, "This Cash Dividend coupled with the portion of the Series F Non-Convertible Preferred Stock declared in August 2012 represents an 8% distribution of fiscal year 2011 fully diluted net earnings per common share."
ABOUT SINO AGRO FOOD, INC.
Sino Agro Food, Inc. ("SIAF") (http://www.sinoagrofood.com) is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the Peoples Republic of China. The Company intends to focus on meeting the increasing demand of China's rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of beef and lamb products, fish products, bio-organic fertilizer, stock feed and cash crops.
Not a Broker/Dealer or Financial Advisor
Sino Agro Food, Inc. is not a Registered Broker/Dealer or a Financial Advisor, nor does it hold itself out to be a Registered Broker/Dealer or Financial Advisor. All material presented in this press release, on the Company's website or other media is not to be regarded as investment advice and is only for informative purposes. Readers should verify all claims and conduct their own due diligence before investing in Sino Agro Food, Inc.
Investing in small-cap, micro cap and penny stock securities is speculative and carries a high degree of risk.
No Offer of Securities
None of the information featured in this press release constitutes an offer or solicitation to purchase or to sell any securities of Sino Agro Food, Inc.
FORWARD LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the business of SIAF and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "estimates," "believes," "anticipates," "intends," expects" and similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on SIAF's current expectations and beliefs concerning future developments and their potential effects on SIAF. There can be no assurance that future developments affecting SIAF will be those anticipated by SIAF. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. SIAF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
SOURCE Sino Agro Food, Inc.
More by this Source
Sino Agro Food, Inc. Reports Record Quarterly Revenue of $55.1M with EPS of $.16
May 16, 2013, 09:00 ET
Sino Agro Food, Inc. Reports Audited Financial Results for FY2012
Apr 16, 2013, 09:00 ET
Sino Agro Food, Inc. Provides Updates on its Operations
Mar 26, 2013, 09:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.