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Sino Agro Food Inc (SIAF)

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Sino Agro Food, Inc. (SIAF) is a vertically integrated, fast growing and technology-focused Chinese agriculture firm whose subsidiaries build and operate beef, sheep, aquaculture and produce farms. It follows many organic principles, and aims to create products as naturally as possible. Managed by an experienced international team, the Company has operations in three provinces and sells throughout China.
 
SIAF's strategy is to work towards full vertical integration, from farm to table, by expanding production and processing operations, while at the same time creating brands and restaurant outlets (via joint venture) for its products. The Company is currently active in aquaculture, cattle farming, livestock feed and fertilizer manufacture, produce farming and restaurant design and development. It is developing brand names in aquaculture and beef products, adding processing facilities, and is now involved in sheep farming. Though the Company sells throughout China, and even exports some of its products, its principal operations are in Guangdong Province, Qinghai Province and Hunan Province, as is shown in chart below.
 
The Company's agricultural projects generally begin with formation of a Sino Foreign Joint Venture Company (SFJVC) between one of its subsidiaries and a Chinese joint venture partner (or partners), with the SIAF subsidiary initially owning 25% of its equity. The Chinese partner acts as the project principal, initially owns 75% of the joint venture and usually contributes funding and land to the venture, while SIAF provides technology, construction and management services for a turnkey solution. The SIAF holding companies that undertake these projects are mainly located outside China, in Belize, Macau and Hong Kong, while the joint venture entities are Chinese companies. An important part of the development process is forming alliances with the farmer cooperatives that raise SIAF's cattle headcount requirements; SIAF provides them with infrastructure and education. Once a project is operational and profitable, SIAF typically increases its ownership in the joint venture from 25% to 75% and consolidates the project's operations into its financials.
 
The Company divides its fast growing operations into four standalone business units; fishery, cattle, HU flower plantation and fertilizer, enzymes and livestock feed. The commonality between the divisions is that each is operating in a comparatively slow growth consolidating market; SIAF has a strategy of targeting niches of these markets with their high quality products. The Company has described its strategy as wanting to be the highest quality with high margins, but not the largest firm.

In P.R.C. the rapid progress of industrialization of the last decade has unbalanced the needs of developments and activities of the agriculture industry, (i.e. diminishing of agriculture land, scarcity of farm laborers, industrial pollution and the generally over usage of chemical etc.). Therefore the P.R.C. Government has in recent years directed many incentive schemes and policies with the aim to revitalize and to modernize its agriculture industry. (i.e. Protection of agriculture land, stringent laws in governing the ownership and usage of agriculture land, tax free incentive applying to incomes generated from the industry and enforcing environmental friendly developments etc.)Management of the Company has many years of practical and professional experience in various and many sectors of the agriculture industry and decided in year 2004 that it was the right timing and there would be many opportunities available to develop agricultural ventures in P.R.C.
 



 
 
Contact Information:
Tel (China): +86-20-38880923
Fax (China): +86-20-22057863
Tel (USA): +1 (775) 901-0344
E-mail: [email protected]

Sino Agro Food, Inc.
Room 3801, Block A, China Shine Plaza
No.9, LinHeXi Road, Tianhe District
Guangzhou, 510610, CHINA

Investor Relations:
Peter Grossman

Phone (USA): +1 (775) 901-0344
Email: [email protected]
http://sinoagrofood.investorroom.com/

Erik Ahl, Investor Relations - Nordic Countries
Phone (Sweden): +46 (0) 760 495 885
Email: [email protected]


Company Lawyer (USA): Sichenzia Ross Friedman Ference, LLP
61 Broadway, 32nd Floor
New York, New York 10006
Telephone: (212) 930-9700
http://www.srff.com/

Company Auditor: ECOVIS David Yeung Hong Kong
Educative links:
The Company's 10-K filing for 2014 is the most up to date and complete description of Sino Agro Food available. It is available in several readable formats (MS Word, Acrobat PDF) on SIAF's SEC Filings page.
Here is the most recent Company Overview

Swedbank Norway analyst report.  January 29,2016
Report of independent analysts, Analyst Group of Stockholm - October 28, 2014.



Mr. Lee Yip Kun (Solomon Lee)
President, Executive Director, Chairman and Chief Executive Officer. A Pioneer of Modern Fishery Projects in the South Pacific Region, who has over 35 years experience in the Fishery Industry and Food Industry created various sizable projects in the Asian region. 
Citizen of Australia

Mr. Daniel Ritchey

Appointed Acting CFO on March 1, 2016. A member of the Company's Board of Directors, he has resigned his position on the Audit Committee while he serves as Acting CFO. As an advisor to the Company since 2007, Mr. Ritchey's strengths and focus have helped the Company to grow. Mr. Ritchey is currently a partner in three companies: DC Capital LLC, 3-D Oil and Gas LLC, and 3-D Ranch LLC, a 2,200 head of cattle/1,500 head pig farm for which Mr. Ritchey serves as Finance Director. Mr. Ritchey held previous positions as investment analyst and advisor for venture capital firms. He holds an MBA in Finance from Ohio State University.
Citizen of
the United States of America

Dr. Anthony C. Ostrowski 
Chief Scientific Officer. Dr. Ostrowski is an accomplished scientist with broad international background and experience in the field of aquaculture and process certification. He was principle investigator on multi-million dollar research projects, directed a multi-institution research consortium, and led the internationally recognized aquaculture research and development organization, Oceanic Institute, as president & CEO from 2009-2012. Most recently, he was General Manager & CEO of Wanshida Ocean Bio-Tech, LTD., a Chinese aquaculture research and development firm located in Yangjiang, PRC. He also served on several boards and technical committees within the aquaculture community providing both scientific and strategic direction that helped establish local and international standards for the field. Dr. Ostrowski will bring considerable experience towards implementing the Group’s product traceability and certification division with research development programs key to our competitive position in the seafood segment of the protein food industry. Dr. Ostrowski holds a Ph.D. and M.S. from Michigan State University, USA., and a B.S. from Penn State University, USA.
Citizen of the United States of America

Mr. Bertil Tiusanen
Senior Vice President of Business Development, New Ventures-Europe. Mr. Tiusanen joined the Company on May 1, 2015 as Group Chief Financial Officer (CFO) and Executive responsible for Business Development. On February 29, 2016, he transitioned to his current position. Mr. Tiusanen's career credentials include CFO positions at several multi-billion U.S. dollar companies inSweden, where he has spearheaded project financings, negotiated corporate wide bond issues and obtained dual exchange listings on Nasdaq US and Tokyo Stock Exchange. More recently, he has been an advisor to the Norwegian government.

Before joining SIAF, Mr. Tiusanen served as the President of Lånekassen in Norway (something like the Federal Student loan organization). Tiusanen was previously acting president and chief executive officer of Vattenfall AB, the largest public utility in northern Europe, with assets of more than $10 billion. He was executive vice president and CFO of KF Retail, Sweden's second-largest retailer. Also, Mr. Tiusanen was executive vice president and CFO at Pharmacia AB, was leading pharmaceuticals and biotechnology firm. Pharmacia is the first Swedish company to list on the NASDAQ and Tokyo stock exchanges. He used to be the CEO of Protegrity, U.S.-Based Information Security Company, and he has been the CEO of ECON, reputable research company in Norway, which oil companies and the government uses to make financial reports.
Citizen of Sweden

Ms. Olivia Lai, CPA

Chief Corporate Affairs Officer and Deputy CFO. Ms. Lai has over 20 years accounting and finance experience and held senior positions in many multi-national and public accounting and consulting firms. She is a U.S. and Hong Kong Certified Accountant with memberships in the American Institute of Certified Public Accountants, Charted Global Management Accountants, Hong Kong Institute of Certified Public Accountants, and the Taxation Institute of Hong Kong. She received her Bachelor of Science in Accounting with the Highest Distinction, and has an Executive Master of Business Administration from the Kellogg School of Management of Northwestern University in the U.S., and the University of Science and Technology in Hong Kong.
Citizen of Hong Kong

Mr. Tan Poay Teik (Peter Tan)
Executive Director and Chief Marketing Officer. Mr. Tan has 28 years of experience in the food Industry and has much practical experience in accounting, strategic planning, merger and joint venture matters and financial management having held directorship in several private limited and public listed companies.
Citizen of Malaysia

Mr. Chen Bor Hann (Michael Chen)
Manager of Fishery, Executive Director, and Company Secretary of SIAF. Mr. Chen has 13 years of experience in the Fishery Industry, one of the pioneers of CA and RAS Projects in Asia.
Citizen of Taiwan




SINO AGRO FOOD, INC. (“SIAF”):

Mr. Nils-Erik Sandberg

Member of the Board of Directors Mr. Sandberg, 75, has been President of the Jordan Fund, a Swedish investment group network since 1990. Mr. Sandberg also currently holds a position as an adviser for Gustavia Energy and Commodities Fund. Mr. Sandberg has previously founder and  CEO of several oil companies. 
Citizen of Sweden

Mr. Yap Koi Ming (George Yap)
Member of the Board of Directors Mr. Yap, 63, is a practicing international chartered accountant with over 30 years standing. Mr. Yap specializes in strategic business plans, registering listings on stock exchanges, international banking, financial management, risk management, financial reporting, auditing, financial management, investment management, and providing corporate finance solutions in terms of sourcing finance, as well as cornerstone investors in IPOs, Reverse Mergers, and Takeovers.
Citizen of Malaysia

Mr. Soh Lim Chang (Anthony Soh)
Member of the Board of Directors Mr. Soh is a partner in the law firm, Edwin Lim Suren & Soh, in Kuala Lumpur, Malaysia. Until October 31, 2013, Mr. Soh was Deputy Managing Director of Pontian United Plantations Berhad, a Malaysian plantation company in the business of cultivating oil palm on 39,000 acres of land on a group basis, and operating an oil mill. Appointed Director in 2005, Mr. Soh served as Executive Director from 2007 until promoted again in 2009. He holds an LL.B (Hons) degree from University of Hull, England. 
Citizen of Malaysia

A POWER  CO. AGRICULTURE DEVELOPMENT CO. LTD. (“APWA (Macau)”):

Mr. Peter Rosta
On May 14, 2015, the company announced that Mr. Peter Rosta has accepted the position of Chairman of the Board of A Power Agriculture Development Co. Ltd. (Macau), also called "APWA (Macau)," the holding company of Qinghai Sanjiang A Power Co. ("SJAP"). Mr. Rosta has a wealth of experience and relationships in both Sweden and China, where he has resided for the past 20 years. He is a partner in Euro China Capital AB in Sweden, and Director of the Swedish Chamber of Commerce in China. He also serves as Director of several companies based in Europe and Asia, both private and public. Formerly, for five years, he served as Trade Commissioner and Head of the Swedish Trade Council in China and Hong Kong.
Citizen of Sweden


Euro China Capital AB 
http://www.eurochinacap.com/en/  

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Burnham Asset Management Corp
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City National Rochdale LLC
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Incentive AS
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Swedbank Norway
https://www.swedbank.no/

 


Click on images to explore more information

   
 
  


Corporate Social Responsibility
 

 


SIAF Locations in China

Zhongshan Prawn Project

- The Press release
             Project is expected to span 20 years and targets producing up to 300,000 MT of live prawns per year
- The Contract
            http://www.sec.gov/Archives/edgar/data/1488419/000114420414013514/0001144204-14-013514-index.htm
- FAQ and Project Plan Information
-Video Presentation
The Mega Farm
 
 

FY2014 Revenue by Business Segment

FY2014 Gross Profit by Business Segment


 

 

 

 

 











 

Sino Agro Food To Seek a Listing for Aquaculture Operations

Triway to Consolidate and Spin-Off Aquaculture Operations

Nov 11, 2015

GUANGZHOU, China, Nov. 11, 2015 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQB: SIAF, also referred to herein as "SIAF" or the "Company") is an integrated, diversified agriculture technology and organic food company with principal operations as primary producer, processor, and marketer of protein foods in the People's Republic of China ("PRC").

Sino Agro Food, Inc.

The Company is pleased to announce it has begun the first of three or four planned divestitures, and is currently exploring various opportunities for a spin-off including a separate listing on the Oslo Stock Exchange ("OSE") for a new Aquaculture Company comprised of its aquaculture operations. Creating a separate entity is a decisive step towards SIAF's vision to become a leading aquaculture company. Seeking a listing on the OSE is in line with the OSE's position as the world's largest and certainly one of the most important financial marketplaces for the seafood sector. SIAF intends to distribute a majority of its holdings in the new company to its shareholders as a result of the spin-off.

For some time SIAF has sought a listing in the Nordic region to facilitate trading of its shares closer to its largest shareholder base. The Company's recent focus has been to achieve a senior listing of the whole SIAF Group on the OSE as soon as practicable, and this process has been in motion since May 2015.

Given today's announcement that the Aquaculture Company will be listed in Norway, and given that the work required for listing is greater than initially estimated, the listing of the group company on OSE listing will not occur during 2015.

CEO Commentary

CEO Solomon Lee commented: "The Company has received feedback from its current institutional investors and major retail shareholders, as well as advisors, that restructuring our businesses as stand alone organizations will create better understood and appreciated businesses bringing more value to our shareholders.

A separate listing of our aquaculture operations carries the additional advantage of facilitating a listing inNorway; a natural market for making our aquaculture opportunities known."

Proposed New Aquaculture Company

The proposed new company will have one single share class and conform to Nordic corporate governance standards. It is targeted to include the bulk of SIAF's aquaculture operations; namely:

Jiang Men City A Power Fishery Development Co., Ltd. (Fish Farm 1, "FF1")
Enping City Bi Tao A Power Prawn Culture Development Co., Ltd. (Prawn Farm 1, "PF1")
Zhongshan A Power Prawn Culture Farms Development Co., Ltd. (Prawn Farm 2, "PF2")
Zhongshan New Prawn Project ("ZSNPP") Phase 1 as well as an opportunity to acquire additional phases of the project as development continues. The ZSNPP is targeted to reach an annual production capacity of at least 200,000 metric tons over the long term.

In Q2 2015, the annual production of the Aquaculture segment was 5,331 metric tons of seafood and the trailing twelve-month revenue from sale of goods (seafood) was USD 96.0 million, with a gross profit of USD 27.9 million. By year-end 2016, when Phase 1 of ZSNPP is scheduled to be fully built the annual production capacity of the new company is expected to grow to approximately 15,000 metric tons. 

Strategy

After consultation with financial advisors, major shareholders, and several prospective institutional investors, several important advantages for the proposed structure guided SIAF's decision. Establishing the new Aquaculture Company expedites several strategic objectives:

Simplify the structure of Sino Agro Food, Inc. by creating a rapidly growing, profitable Aquaculture Company focused on the production of seafood with unique expansion potential
Create a company establishing an independent Board of Directors, a shareholder nomination committee, a single share class, a separate management team and auditors, dedicated reporting and investor relations functions
Expose the company to institutional investors with in-depth knowledge and high appreciation of aquaculture businesses. The OSE has more than 15 listed companies in the seafood sector, with a combined market capitalization of more than NOK150bn. The sector trades at an average 2015 price/earnings multiple of 10.5x
Facilitate funding to increase ownership in existing aquaculture facilities
Create an independent company to secure funding for the future development of additional stages at the significant Zhongshan New Prawn Project.
 
 

 

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SIAF News: Statement of Ownership (sc 13g) 03/17/2017 12:07:11 PM
SIAF News: Current Report Filing (8-k) 03/17/2017 06:05:29 AM
SIAF News: Amended Quarterly Report (10-q/a) 03/16/2017 05:27:32 PM
SIAF News: Annual Report (10-k) 03/16/2017 05:26:14 PM
SIAF News: Current Report Filing (8-k) 03/01/2017 04:23:42 PM
PostSubject
#108644  Sticky Note Here's the exact complaint I filed with the joenatural 01/09/17 11:15:17 AM
#108125  Sticky Note Location of Sino Agro Food, Inc. Operations in China The Swede 12/14/16 06:53:42 AM
#100824  Sticky Note EMAIL RESPONSE in regards to the AUDITOR CHANGE Traderfan 02/14/16 04:52:38 PM
#110104   Yes. If this ban lasts the beef price Sensi 03/23/17 03:45:11 AM
#110103   I think that this year earnings per share snow 03/23/17 03:29:43 AM
#110102   You won't get a good sense of EPS RealDutch 03/22/17 10:46:59 PM
#110100   Because they're extremely biased against China. I think morning_luke 03/22/17 07:35:29 PM
#110099   He wants to get some freaking guidance from Redbull84 03/22/17 06:45:40 PM
#110098   For SIAF only? Or with Triway consolidated? Handlamera 03/22/17 03:16:18 PM
#110097   I do not get the impression that the RealDutch 03/22/17 03:09:07 PM
#110096   Perfect riming for the SJAP carveout! The Swede 03/22/17 02:26:41 PM
#110095   MM At least your link worked for me snow 03/22/17 01:59:30 PM
#110094   Why SIAF does not try reapply on the Nasdaq? Black_knight 03/22/17 01:21:03 PM
#110093   The company was suppose to post a FAQ emptyone 03/22/17 01:14:37 PM
#110092   The partners currently own 32% + 31%. The RealDutch 03/22/17 01:05:53 PM
#110091   What I know, there will be 38 buildings EagleCheck 03/22/17 01:03:33 PM
#110090   Hm... I can still see it. http://www.otcmarkets.com/stock/SIAF/quote MaterialMind 03/22/17 01:02:23 PM
#110089   Harder to break value from this stock then emptyone 03/22/17 01:02:13 PM
#110088   Asbjorn I have noticed the same thing. I snow 03/22/17 12:47:58 PM
#110087   I can not any longer see level 2 Asbjorn 03/22/17 12:15:57 PM
#110086   RD If I understand you correctly 150 million snow 03/22/17 10:52:12 AM
#110085   Some more things to consider RealDutch 03/22/17 10:41:41 AM
#110084   Looks like good news for SJAP. Sensi 03/22/17 10:37:37 AM
#110083   Looks like good news for beef SJAP. Sensi 03/22/17 10:37:09 AM
#110082   RD If we assume that 3 future buildings snow 03/22/17 10:22:47 AM
#110081   3 buildings cost between $40M and $100M, depending RealDutch 03/22/17 09:27:04 AM
#110080   It will take 5 years IMO for Triway challe08 03/22/17 09:14:00 AM
#110079   The Triway partners won't see any cash either. RealDutch 03/22/17 08:29:56 AM
#110078   So we'll be a bank also for TRW challe08 03/22/17 08:19:51 AM
#110077   If they somehow would manage to get half RealDutch 03/22/17 08:12:53 AM
#110076   At these prices it is better to be Black_knight 03/22/17 08:10:50 AM
#110075   SIAF will have to pay dividends, starting 2 challe08 03/22/17 08:03:39 AM
#110074   Guess not. RealDutch 03/22/17 07:49:04 AM
#110073   Above 20%, SIAF will use the equity method. challe08 03/22/17 07:23:38 AM
#110072   "Equity Method Application snow 03/22/17 04:26:47 AM
#110071   http://www.accountingtools.com/equity-method AIK 03/22/17 12:09:02 AM
#110069   dutchman - if they can't get a reputable zerohedge 03/21/17 10:16:26 PM
#110067   SIAF may still use the equity method, even RealDutch 03/21/17 07:23:31 PM
#110066   trades ] think the most likely scenario is snow 03/21/17 04:27:58 PM
#110065   ...me too. dc_dude 03/21/17 03:04:01 PM
#110064   Sorry if this was already asked but.... trades4days 03/21/17 02:28:47 PM
#110063   The good news is, a year ago we RealDutch 03/21/17 02:02:56 PM
#110062   good day to pick up some shares, I did emptyone 03/21/17 02:01:29 PM
#110061   I suppose Triway will have to get its snow 03/21/17 01:50:19 PM
#110060   Peter already told you (in a post on here). RealDutch 03/21/17 01:42:46 PM
#110059   Why does it take so long after the emptyone 03/21/17 01:34:02 PM
#110058   The year-end report for the fish operation suggests RealDutch 03/21/17 01:13:03 PM
#110057   King Josiah Did SIAF own the fish snow 03/21/17 12:30:32 PM
#110056   Assuming a P/E of 20 in HK, 60.000MT King Josiah 03/21/17 12:11:51 PM
#110055   It's still interesting what to expect from this. RealDutch 03/21/17 10:30:34 AM
#110054   You might want to Google City National Rochdale dc_dude 03/21/17 10:17:52 AM
#110053   Above 20%, SIAF will use the equity method. RealDutch 03/21/17 10:00:57 AM
#110052   Sellers get the upper hand in Oslo. The snow 03/21/17 08:32:59 AM
PostSubject