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  • Business Wire4 months ago

    Sino Agro Food Inc. Receives Loan Commitment to Develop Aquaculture Business

    Sino Agro Food, Inc. (OTCQX: SIAF | OSE: SIAF-ME), an agriculture technology and natural food company that produces and sells protein food including seafood and cattle, on behalf of its wholly owned subsidiary Tri-way Industries Ltd. (Tri-way), confirms that its operating company, Jiangmen City A Power Fishery Development Co. Ltd. (JFD), has received an official letter of commitment from one of Southeast Asia’s preeminent international banking firms regarding its loan approval. The loan facility, which is subject to customary closing conditions, is an unsecured revolving 2-year term loan of CNY 250 Million (USD 36.3M) for purposes of financing JFD's aquaculture business unit's working capital. Solomon Lee, the Chairman and CEO of Sino Agro Food, stated, "We would like to extend our appreciation to the lending institution for its commitment to us and our aquaculture business portfolio.

  • Business Wire4 months ago

    Sino Agro Food Inc. Reports Q3 2016 Results

    GUANGZHOU, China--(BUSINESSWIRE)-- Revenue of USD 124.1M Remains Level with Q3 2015 Gross Profit Increases 3% with Gross Margin of 26.9% EPS of USD .95 Falls Short of Q3 2015, but Increases 16% over Q2 ...

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