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Sen Yu International Holdings, Inc. (fka CSWG)

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Last Post: 3/22/2017 11:31:51 AM - Followers: 5 - Board type: Free - Posts Today: 0

 

 

CSWG: China Swine Genetics, Inc.

 

China Swine Genetics, Inc.
222 Babcock Street
Suite 3B
Brookline, MA 02446

Phone: 617-905-3273

 

A/S: 300,000,000

O/S: 20,031,181    11/13/2009

free float: 72,598
 
 
Organization and Nature of Operations
 
 
 
China Swine Genetics Inc (f/k/a Apogee Robotics, Inc.) (the "Company") was founded as a Colorado corporation on June 29, 1983 and was reinstated by Colorado on March 15, 2007. The Company's Board of Directors and shareholders approved a change of domicile from Colorado to Delaware on December 6, 2007. In connection with the Company's change of domicile from Colorado to Delaware, the Company's authorized capital stock was changed to increase the authorized capital stock to 310,000,000 of which 300,000,000 are classified as common stock, par value $0.001 per share, and 10,000,000 are classified as Preferred Stock, par value $0.001 per share, issuable in series with such powers, designations, preferences and relative, participating, optional or other specific rights, and qualifications, limitations or restrictions thereof, as the Board may fix from time to time by resolution or resolutions. For at least ten years prior to August 13, 2009, the Company had not engaged in any business operations.

 
On August 13, 2009 China Swine Genetics Inc (f/k/a Apogee Robotics Inc.) acquired all of the outstanding capital stock of Advanced Swine Genetics, Inc., a Nevada corporation (“Advanced Swine”). In exchange for the outstanding shares of Advanced Swine, China Swine Genetics Inc (f/k/a Apogee Robotics Inc.) issued 4,646.05933 shares of its Series A Convertible Preferred Stock to the shareholders of Advanced Swine (the “Share Exchange”).  Each share of Series A Preferred Stock is convertible into Four Thousand One Hundred Sixty-Six and ? (4,166.6666) shares of China Swine Genetics Inc (f/k/a Apogee Robotics Inc.) common stock.  

 
As permitted by Delaware General Corporation Law, in order to better represent the Company’s business, the Company has adopted a resolution to change the name of the Company from Apogee Robotics, Inc. to “China Swine Genetics, Inc.” The Certificate of Amendment of Certificate of Incorporation was filed on September 9, 2009, effective on September 30, 2009.
 
 
Concurrent with the name change, a 1 for 24 reverse split was effected on September 30, 2009.  Shareholders with 1 or more but fewer than 100 shares after the reverse split were issued shares to increase their holdings to 100 shares.  All other fractional shares resulting from the reverse split were purchased by the Company for $5.28 per share.

 
Advanced Swine was incorporated under the laws of Nevada on June 29, 2007. It has initiated no business activity. On February 28, 2008, Advanced Swine acquired 100% ownership equity of Heilongjiang Senyu Animal Husbandry Co., Ltd. (“Senyu”). Most of Advanced Swine’s activities are conducted through its wholly own subsidiary in PRC.

 
Senyu was incorporated on September 3, 2004, under the law of Heilongjiang Jiamusi District of the People Republic of China (“PRC”). On December 20, 2007, Advanced Swine signed a stock transfer agreement with Senyu, which contemplated that it would acquire all the ownership interest in Senyu. The certificate of approval for Senyu to accept foreign investment in PRC was issued on February 4, 2008 by the Investment Promotion Bureau of Heilongjiang Province, and the updated operation certificate of Senyu with the new shareholder’s name was issued on February 28, 2008 by Jiamusi Administration for Industry and Commerce. As a result, Senyu became a foreign wholly owned enterprise on February 28, 2008.

 
Senyu was originally founded with registered capital of $1,208,211(equivalent to RMB10 million) on August 27, 2004 and increased its registered capital to $6,165,762 (equivalent to RMB50 million) and $9,933,896 (equivalent to RMB80 million) on January 18 and August 29, 2006, respectively.

 
Senyu remained development stage and incurred minor selling expenses and significant general and administrative expenses prior to September, 2005. In September 2005, Senyu accepted its order for the sale of merchandise hogs and genetic boars that it had raised.  Since then Senyu has  operated its business as a farmer enterprise for breeding, feeding, and marketing the grandparent and parent generation boars, and merchandise hogs.

 
In December 2005, Senyu established a joint venture with Polar Genetics Co., Ltd., a Canadian corporation (the “foreign partner”), called Sino-Canadian Senyu-Polar Swine Genetics Company Limited (“Sino-Canadian”) with expected registered capital of $2,068,368 (equivalent to RMB16.7 million).  According to the joint venture agreement, Senyu and its foreign partner are required to contribute $1,238,543 (equivalent RMB10 million) and 600 primary genetic boars worth $829,825 (equivalent RMB6.7 million) in order to own 60% and 40% of the joint venture, respectively. This joint venture had been approved by Heilongjiang government on March 30, 2006, and the actual capital $1,246,028 (equivalent RMB10 million) was contributed by Senyu on May 22, 2006. Its foreign partner did not contribute 600 primary genetic boars worth $891,788 (equivalent RMB6.7 million) until October 12, 2007, which, due to customs processing, were not released to the Sino-Canadian until November 27, 2007.  Accordingly, Senyu fully owned this joint venture until November 27, 2007. This joint venture remained development stage and incurred start-up cost prior to November, 27, 2007.

Quarter ending September 2009: (in US-$)

Revenue: 21,895,508 (+90%)

Net income: 3,560,475 (+132%)

EPS: 0.18

 

Significant Events:

As a result, at June 30, 2009, we had no long term debts.  We did, however, owe $11,169,236 to our majority shareholder, Ligang Shang, representing funds he loaned to Advanced Swine during our development period.  At the end of the recent quarter, however, Mr. Shang agreed to waive his right to collect that sum, and contributed it to the capital of the Company.  Accordingly, our working capital increased by the amount of the cancelled loan, as did our paid-in capital.

 

Future: (currently breeds 300,000 hogs)

Our business plan contemplates that we will invest approximately $15 million dollars on expansion of our facilities and increase in the roster of our franchisee farmers, in order to reach our goal of producing one million commercial hogs in 2011.

   
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PostSubject
#297   CSWG revoked: Renee 03/22/17 11:31:50 AM
#296   CSWG SEC Suspension for delinquent Financials / Filings: Renee 12/08/16 09:33:54 AM
#295   How much more PuMp does Sen Yu Got?? MarginMagic 11/19/11 08:17:14 PM
#294   share price is not the key, mdd 11/18/11 03:42:28 PM
#293   This is a SCAM guys, be careful here mdd 11/18/11 03:39:44 PM
#292   This is so undervalued it ain't funny !! aassnnaapp 11/17/11 01:11:56 AM
#291   This is so undervalued it ain't funny !! aassnnaapp 11/17/11 01:11:56 AM
#290   Highest vol ever for this and up .04 mkinhaw 11/16/11 02:29:32 PM
#289   It's the Chinese stigma, lol jmurfk 11/16/11 12:38:22 PM
#288   was trading at 5.00 in march mkinhaw 11/16/11 12:35:19 PM
#287   Worth a gamble. If they are jmurfk 11/16/11 12:23:31 PM
#286   Agree, dollars mkinhaw 11/16/11 12:12:15 PM
#285   Popped to .45 from .22 yesterday on their jmurfk 11/16/11 08:51:53 AM
#284   the mysteries of penny land BeardOfWallSt 11/16/11 08:35:16 AM
#283   .45s hitting now. Nice little uptrend. jmurfk 11/15/11 12:15:23 PM
#282   HOD so far of .40, up 81% jmurfk 11/15/11 11:52:48 AM
#281   Being Chinese has something to do with it. jmurfk 11/15/11 09:25:13 AM
#280   someone has to explain to me how a Holofusion 11/15/11 09:10:55 AM
#279   CSWG Wowzer, Quarterly EPS of .74/.67, Basic/diluted. jmurfk 11/15/11 08:56:00 AM
#278   Nice earnings just reported. 0.36 per share. CheezBurgers 02/12/10 09:51:34 AM
#277   there we have it: 10.9 on 4,346 volume loss-pro 01/25/10 10:52:28 AM
#276   LOL... just wondering if they will ever give JimsZ 01/20/10 03:07:37 PM
#275   You ought to thank them, otherwise you might today32 01/20/10 03:06:24 PM
#274   Scottrade still hasn't given out round up shares :( JimsZ 01/19/10 11:49:50 AM
#273   nice! 8 bucks +95% loss-pro 01/19/10 11:41:27 AM
#272   Edit: Wrong board today32 01/06/10 01:33:49 AM
#271   Was given roundup shares yesterday in this but JimsZ 12/30/09 08:12:11 PM
#270   wrong board...sorry piotrek314 12/20/09 01:42:50 AM
#269   wrong board...my mistake piotrek314 12/20/09 01:38:30 AM
#268   Thanks! It'll be interesting to see if we can today32 12/17/09 02:37:35 AM
#267   I have two accounts with different brokers. bliksam 12/17/09 02:07:29 AM
#266   now if this would only trade(!) near it´s loss-pro 11/17/09 03:07:09 AM
#265   WOW! very generous majority shareholder: loss-pro 11/17/09 03:03:40 AM
#264   annualized this would be .72 EPS and they loss-pro 11/17/09 02:58:18 AM
#263   +125% EPS, +93% revenue loss-pro 11/17/09 02:47:52 AM
#262   EPS $49.04 per share this quarter! loss-pro 11/17/09 02:46:00 AM
#261   YES! in the 10q from yesterday it says loss-pro 11/17/09 02:41:29 AM
#260   Anyone heard anything new about the status of today32 11/11/09 05:13:34 PM
#259   I sent an email to the transfer agent bliksam 11/02/09 04:04:57 PM
#258   Wow, you're right, I never noticed the "multiplied" part. today32 10/30/09 05:22:25 PM
#257   well, they said "the Company will purchase any loss-pro 10/30/09 05:05:29 PM
#256   I don't know the difference between a "record bliksam 10/30/09 04:43:49 PM
#255   > sorry, but it was. in both. today32 10/30/09 04:43:13 PM
#254   > i was wondering why they were allow today32 10/30/09 04:38:02 PM
#253   i had APRB as an old round up loss-pro 10/30/09 03:19:22 PM
#252   >> in the case of each shareholder who loss-pro 10/30/09 03:15:02 PM
#251   Glad to get some good news... I hate today32 10/30/09 03:09:32 PM
#250   this is from my broker this morning: loss-pro 10/30/09 03:04:39 PM
#249   Re: Roundup Shares today32 10/30/09 02:52:46 PM
#248   > in the case of each shareholder who today32 10/30/09 02:50:22 PM
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