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Sino Agro Food Inc (SIAF)

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Last Post: 11/30/2015 6:31:09 PM - Followers: 285 - Board type: Free - Posts Today: 74



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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

Tomas Öqvist, Investor Relations - Nordic Countries
Phone (Sweden): +46 70 7979793

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 images.

PF1's new building and tanks, February 2014 Cattle Farm 1
Wholesale Center 1 Prawn Farm 1 Cattle Farm 1 - Enping
tank construction at the megafarm, 25 March 2015 Entrance to HSA's facilities in Linli, Hunan
Hylocereus Undatus ("HU") Plantation
producing Dragon Fruit flowers and Immortal Vegetables
Zhongshan Prawn Project - aka "mega farm"
Tank Construction - March 25, 2015
Hunan Shengua A Power Limited ("HSA")
Entrance leads to organic fertilizer manufacturing building. Other facilities and staff quarters, plus cattle area, are behind it.

tanks of fingerlings at Prawn Farm 2 in March of 2015

Prawn Fries and Fingerling Prices, April 2015

High tech rapid defrost rooms two weeks before final test.

Tanks of Prawn Fingerlings
Prawn Farm 2 - March 25, 2015

"The Hatchery" - April 2015
Pricing Information from Prawn Farm 2

SIAF's Shanghai Vigour Trading Limited

Two custom-built control rooms contain state-of-the-art defrosting technology, unavailable elsewhere in China. Once equipment passes all inspections and tests, Shanghai Vigour Trading Limited will deliver 40 tons of imported Australian Angus beef to Shanghai's wholesale market daily.

SJAP Pregnant Cow House
Qinghai Sanjiang A Power Agriculture Co., Ltd. (SJAP)

Top of SJAP Fertilizer Factory
Qinghai Sanjiang A Power Agriculture Co., Ltd. (SJAP)

SJAP Abattoir Aging Room
Qinghai Sanjiang A Power Agriculture Co., Ltd. (SJAP)

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
The Mega Farm

FY2014 Revenue by Business Segment

FY2014 Gross Profit by Business Segment










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Current Price
Bid Ask Day's Range
SIAF News: Statement of Changes in Beneficial Ownership (4) 11/20/2015 12:58:48 PM
SIAF News: Current Report Filing (8-k) 11/17/2015 04:07:08 PM
SIAF News: Quarterly Report (10-q) 11/16/2015 04:26:28 PM
SIAF News: Sino Agro Food, Inc. Announces Payout Policy 07/01/2015 10:08:00 AM
SIAF News: Sino Agro Food, Inc. Announces Payout Policy 07/01/2015 09:33:00 AM
#96755  Sticky Note Questions for the Q3 2015 earnings conference call The Swede 11/14/15 12:10:23 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
#97497   Now that's funny. Traderfan 11/30/15 06:31:09 PM
#97496   At this point, the only way I would RealDutch 11/30/15 05:42:06 PM
#97495   I have come full circle from my initial nefariouswu 11/30/15 05:33:04 PM
#97494   Having listened to today's call I'm mildly encouraged. nuketheshorts 11/30/15 04:22:37 PM
#97493   Look at the science part, they have some Carog 11/30/15 03:34:19 PM
#97492   Tony that was my question, I never got emptyone 11/30/15 03:30:54 PM
#97491   When did they redesign the homepage? Looks really nisse44 11/30/15 02:55:33 PM
#97490   As neither you or anyone else has any MikeD2020 11/30/15 02:55:04 PM
#97489   Where is the buyback talk. What CFO in NapaCab_Tony 11/30/15 02:43:18 PM
#97488   I really have to say and I know emptyone 11/30/15 02:35:29 PM
#97487   Exactly what is it that you think constitutes Carog 11/30/15 02:26:12 PM
#97486   You are so funny! Handlamera 11/30/15 02:09:27 PM
#97485   Huh ? The evidence I presented to both joenatural 11/30/15 02:07:00 PM
#97484   A lot of Long term investors that sold weeblewobble09 11/30/15 01:53:43 PM
#97483   Also true that when Joe has posted five Handlamera 11/30/15 01:51:34 PM
#97482   Joe, as you know the owners capital is Handlamera 11/30/15 01:47:06 PM
#97481   But only words :in concrete terms nothing happened fallofitaly 11/30/15 01:45:27 PM
#97480   One clear rule in the markets is that Traderfan 11/30/15 01:43:44 PM
#97479   Fabulous that it took them almost a year NapaCab_Tony 11/30/15 01:43:43 PM
#97478   Hey, maybe this total ChiScam company can pay joenatural 11/30/15 01:38:46 PM
#97477   Yes other delays. How can convince a investors? fallofitaly 11/30/15 01:32:42 PM
#97476   Yep, I agree to most of that. But Handlamera 11/30/15 01:25:17 PM
#97475   Fabulous that it took them almost a year Orreborren 11/30/15 01:22:42 PM
#97474   They clearly stated that it is much easier Handlamera 11/30/15 01:16:32 PM
#97473   I highly doubt that they will manage to Orreborren 11/30/15 01:09:58 PM
#97472   It takes forever on the main exchanges IMO. Traderfan 11/30/15 01:05:25 PM
#97471   For me it has always been clear that Traderfan 11/30/15 01:03:39 PM
#97470   As I understand from someone in this room NapaCab_Tony 11/30/15 01:03:35 PM
#97469   A thought only. Listing of Siaf in Oslo Handlamera 11/30/15 12:58:44 PM
#97468   Looks like another retailer is throwing in the Traderfan 11/30/15 12:49:44 PM
#97467   Let's hope they keep us updated as they Handlamera 11/30/15 12:49:41 PM
#97466   I guess it is the work forming the Traderfan 11/30/15 12:45:35 PM
#97465   I guess it is the work forming the Handlamera 11/30/15 12:36:26 PM
#97464   Carog is closer to this than me, I emptyone 11/30/15 12:31:03 PM
#97463   I understood it the same way as Carog. Foohtaah 11/30/15 12:27:12 PM
#97462   10+20 was stated. Handlamera 11/30/15 12:26:43 PM
#97461   Carog, Empty said That's my my understanding Tony, NapaCab_Tony 11/30/15 12:22:07 PM
#97460   TF, I specifically wrote to them ahead of emptyone 11/30/15 12:08:13 PM
#97459   Purch, he should be good he went to emptyone 11/30/15 12:07:09 PM
#97458   They always say "there are no further questions" Traderfan 11/30/15 11:48:28 AM
#97457   Well, he did prepare but I don't care, Purchaser 11/30/15 11:47:41 AM
#97456   TF, no I was in line also , emptyone 11/30/15 11:47:11 AM
#97455   I guess they didn't take Empty's questions either. Traderfan 11/30/15 11:45:10 AM
#97454   Purch, Ostrowski's an impressive guy, he obviously prepared emptyone 11/30/15 11:44:49 AM
#97453   That's my my understanding Tony, each phase is emptyone 11/30/15 11:43:13 AM
#97452   Yes, indeed. But did you get all the Peace_2 11/30/15 11:35:47 AM
#97451   You expect these amateurs to actually take a joenatural 11/30/15 11:34:30 AM
#97450   I'm hoping they surprise me, and get it dc_dude 11/30/15 11:32:42 AM
#97449   That was quite a speach from Anthony C. Ostrowski NapaCab_Tony 11/30/15 11:31:13 AM
#97448   Indicates that SIAF is actively engaged in getting Traderfan 11/30/15 11:24:34 AM