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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

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

Erik Ahl, Investor Relations - Nordic Countries
Phone (Sweden): +46 (0) 760 495 885

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

Company Auditor: Anthony Kam & Associates Ltd.
Suite 2105, Wing On Centre, 111 Connaught Road, Central, HongKong.
Tel: 852-2246-6688
Fax: 852-2246-8448

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

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. Bertil Tiusanen
Chief Financial Officer and Business Development Executive. 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

Dr. Anthony C. Ostrowski 
Chief Scientific Officer. Dr. Ostrowski is an accomplished executive and 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. His proven leadership in the field 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.

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


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. Daniel Ritchey
Member of the Board of Directors 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 USA

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


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  

Arctic Securities AS

Burnham Financial Group


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
- 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. 


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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Current Price
Bid Ask Day's Range
SIAF News: Statement of Ownership (sc 13g) 02/04/2016 10:53:53 AM
SIAF News: Statement of Changes in Beneficial Ownership (4) 01/22/2016 04:07:46 PM
SIAF News: Amended Statement of Changes in Beneficial Ownership (4/a) 01/20/2016 05:20:38 PM
SIAF News: Statement of Changes in Beneficial Ownership (4) 01/20/2016 04:06:45 PM
SIAF News: Current Report Filing (8-k) 01/19/2016 09:16:34 AM
#98135  Sticky Note SIAF approved for Oslo!! Traderfan 01/04/16 04:01:40 PM
#82114  Sticky Note Joe, ccsykes 02/12/15 05:25:25 PM
#81742  Sticky Note ZHONGSHAN PROJECT PROGRESS / TIMELINE NewJerichoMan 02/04/15 11:54:42 PM
#66820  Sticky Note My SEC complaint against SIAF is officially filed ........ joenatural 06/23/14 02:59:59 PM
#100411   The Operations & Investor Relations team for Incentive Purchaser 02/07/16 08:05:28 AM
#100410   Well it all depends on how many markets stolpen 02/07/16 03:43:45 AM
#100409   About Incentive. They are totally 8 people working The Swede 02/07/16 02:56:23 AM
#100408   Don't worry about it, it's a blogpost you stolpen 02/06/16 05:57:13 PM
#100407   SIAF charts: volume by price daily & the tothe 02/06/16 04:29:47 PM
#100406   On page 1 you can see the date Emilez 02/06/16 02:21:04 PM
#100405   TF, totally agree, trading at this ridiculous PE emptyone 02/06/16 02:07:18 PM
#100404   The good thing with such a hedge fund Traderfan 02/06/16 01:49:48 PM
#100403   We have Bertil and we have FD and emptyone 02/06/16 10:20:56 AM
#100402   if your suggestion is correct, even with just viking86 02/06/16 10:05:56 AM
#100401   Nice DD Purchaser. That would clarify a few viking86 02/06/16 09:40:49 AM
#100400   BNY Mellon Purchaser 02/06/16 08:06:52 AM
#100399   Emilez, some clarification of Incentive filing Purchaser 02/06/16 05:08:53 AM
#100398   You can't be SERIOUS!??? I don't even think Emilez 02/06/16 01:56:52 AM
#100397   Hope we can have an update from your source. modes948 02/05/16 10:36:31 PM
#100396   Happy Super Bowl weekend to all. Go Carolina Panthers......Charlotte hyperboy262626 02/05/16 06:23:24 PM
#100395   .....that was my thought to! IKEA 02/05/16 04:21:22 PM
#100394   LOL--- good one Tony!! dc_dude 02/05/16 03:53:41 PM
#100393   We're not gonna get a PR. NewJerichoMan 02/05/16 03:52:03 PM
#100392   Well hopefully we will get a PR after emptyone 02/05/16 03:43:18 PM
#100391   In February is it supposed to start, probably Redbull84 02/05/16 01:32:42 PM
#100390   Having a source is not a good thing. MaterialMind 02/05/16 01:13:47 PM
#100389   emptyone Thanks for the clarification! snow 02/05/16 01:08:58 PM
#100388   I spoke to someone other than IR, I emptyone 02/05/16 01:06:43 PM
#100387   The Swede snow 02/05/16 01:01:23 PM
#100386   It is at least encouraging that both spokesmen snow 02/05/16 12:56:34 PM
#100385   So it's a promise when some one on The Swede 02/05/16 12:50:54 PM
#100384   Siaf is like dead meat nowadays NapaCab_Tony 02/05/16 12:43:15 PM
#100383   Same here andgus 02/05/16 12:41:47 PM
#100382   Nobody but the author of the blog writing challe08 02/05/16 12:38:50 PM
#100381   No reason to be discouraged so far. nuketheshorts 02/05/16 12:22:16 PM
#100380   Of course nobody thinks that they bought their Lasse1972 02/05/16 12:20:25 PM
#100379   Mayby time to move on...?! Traderfan 02/05/16 12:16:20 PM
#100378   Snow, good question... maybe Solomon squashed it like emptyone 02/05/16 12:15:45 PM
#100377   Where is the news about the Mega Farm snow 02/05/16 12:13:38 PM
#100376   Att en norsk fond köpt in sig på challe08 02/05/16 12:06:27 PM
#100375   Siaf is like dead meat nowadays, it's not IKEA 02/05/16 11:59:54 AM
#100374   For Swedish readers: Emilez 02/05/16 11:57:53 AM
#100373   Does anybody have any more info about CeresTM? Mr. Fister 02/05/16 07:37:40 AM
#100372 Danithedog 02/05/16 03:05:14 AM
#100371   >I gather next year we would be closer viking86 02/04/16 10:39:48 PM
#100370   Yes Empty, let's hope so and hopefully your modes948 02/04/16 10:10:34 PM
#100369   Modes, agree let's hope other Hedges and mutual emptyone 02/04/16 07:21:53 PM
#100368   So from the thousands and thousands of companies modes948 02/04/16 06:49:01 PM
#100367   Thanks for posting. At this stage I like greenaccountingbeen 02/04/16 05:13:06 PM
#100366   Lets see if Carnegie keeps buying, maybe it MaterialMind 02/04/16 05:05:13 PM
#100365   Swedbank, Pareto and Carnegie are just broker houses, Mr. Fister 02/04/16 04:51:24 PM
#100364   Dr. Anthony Ostrowski video interview Purchaser 02/04/16 04:11:26 PM
#100363   Maybe they were the mysterious end-of-the-day buyer who viking86 02/04/16 03:32:29 PM
#100362   Yup. I haven't seen the 13G yet. They viking86 02/04/16 03:26:56 PM