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Sino Agro Food Inc (SIAF)

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Last Post: 8/31/2015 8:32:29 AM - Followers: 285 - Board type: Free - Posts Today: 17



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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
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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
SIAF News: Undervalued and Underexposed NYSE-MKT Stock to be Profiled by Large Media Group and four brief reports 06/15/2015 07:00:00 AM
SIAF News: Sino Agro Food Updates "F" Share Redemption 06/03/2015 09:00:00 AM
SIAF News: Special Profile & Four Companies Offering Performance Details 06/03/2015 07:00:00 AM
#94226   Oops ...... joenatural 08/31/15 09:13:34 AM
#93870  Sticky Note Questions for the Q2 2015 earnings conference call The Swede 08/22/15 11:05:29 AM
#85712  Sticky Note Mega Farm Numbers Revised RealDutch 04/05/15 04:40:02 AM
#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
#94225   I expect a PR within 30 min Orreborren 08/31/15 08:32:29 AM
#94224   The official red seal was dated on August andrewflying 08/31/15 07:52:04 AM
#94223   Is this the CEO of Ceres? The Swede 08/31/15 07:45:52 AM
#94222   I hope someone asks about this new entity emptyone 08/31/15 07:43:29 AM
#94221   I have to redo this and use 40% RealDutch 08/31/15 03:33:00 AM
#94220   The Swede snow 08/31/15 03:18:03 AM
#94219   I got a bad feeling about this. challe08 08/31/15 03:12:52 AM
#94218   I got a bad feeling about this. I The Swede 08/31/15 03:06:54 AM
#94217   So we can actually calculate the cash slow RealDutch 08/31/15 03:02:49 AM
#94216   What is "ANJI County KUBO Installation"? challe08 08/31/15 02:59:46 AM
#94215   Well, I was just looking at the cash RealDutch 08/31/15 02:25:48 AM
#94214   What is "ANJI County KUBO Installation"? The Swede 08/31/15 02:19:52 AM
#94213   We finally have some projections for the Mega challe08 08/31/15 02:17:15 AM
#94212   The projections for the megafarm are huge :) Lauvin 08/31/15 02:14:27 AM
#94211   Hehe. We finally have some projections for the RealDutch 08/31/15 02:06:40 AM
#94210   Ceres TM presentation Purchaser 08/31/15 01:45:31 AM
#94209   The 5-year "plan" or the 5-year "carrot" ? NapaCab_Tony 08/30/15 11:21:10 PM
#94208   Just read your possible CC questions for the joenatural 08/30/15 09:40:18 PM
#94206   You know what's coming, and you have your ipulator_man 08/30/15 04:21:26 PM
#94205   I agree and I hope you are right. Clayton van Brimmer 08/30/15 03:37:04 PM
#94204   What is the chances that Solomon and co. The Swede 08/30/15 02:34:09 PM
#94203   The 5-year "plan" or the 5-year "carrot" ? ..... joenatural 08/30/15 09:11:23 AM
#94202   Oh come on RD, you have to listen joenatural 08/30/15 09:07:04 AM
#94200   I am very sure that shareholders will not joenatural 08/30/15 08:57:56 AM
#94199   That was the question. MaterialMind 08/30/15 07:39:14 AM
#94198   Didn't they say that the divi plan will viking86 08/30/15 07:20:35 AM
#94197   On the positive side, I think the new RealDutch 08/30/15 06:50:07 AM
#94196   I'm not even going to listen tomorrow. I RealDutch 08/30/15 06:46:23 AM
#94195   I totally agree, good thinking...:) Carog 08/30/15 05:24:51 AM
#94194   I dont really understand why people have expectations MaterialMind 08/30/15 04:47:49 AM
#94193   There is no reason for the company to Carog 08/30/15 04:36:15 AM
#94191   They should have called it SAM (Siaf Asset RealDutch 08/30/15 02:08:41 AM
#94190   Also interesting to note is that Tri-way will RealDutch 08/30/15 01:21:56 AM
#94189   Heck, what a coincidence. Tri-way Industries (a subsidiary) RealDutch 08/30/15 12:54:40 AM
#94188   ". As for listings, now I as everyone slyestjester 08/30/15 12:11:46 AM
#94187   I wonder if this has something to do slyestjester 08/30/15 12:05:39 AM
#94186   Solomon and Bertil, pls prove Joe wrong. jay_lim 08/29/15 10:19:57 PM
#94185   No need for a popcorn show Joe MikeD2020 08/29/15 07:43:42 PM
#94184   Material, not sure you can ask, they already emptyone 08/29/15 07:27:37 PM
#94183   ... I don't have to wait until Monday MaterialMind 08/29/15 07:19:00 PM
#94182   Joe as I told you before I don't emptyone 08/29/15 06:57:12 PM
#94181   Friday E.O.D. spike in anticipation of Monday morning joenatural 08/29/15 06:46:23 PM
#94180   There is not much overlap between the two. RealDutch 08/29/15 05:26:02 PM
#94179   This new entity may be the result of JustChristine 08/29/15 05:05:30 PM
#94178   Who cares, Snow. They could have called it RealDutch 08/29/15 04:59:12 PM
#94177   RD To me managing an assets implies being in snow 08/29/15 04:43:49 PM
#94176   What did you think? Cerestm doesn't own, nor RealDutch 08/29/15 04:34:50 PM
#94175   RD Since I have most of my net worth snow 08/29/15 04:29:27 PM
#94174   The Swede snow 08/29/15 04:27:20 PM