Sino Agro Food Inc (OTCBB:SIAF) associated with Euro China Capital AB to support its strategic plans and create value for shareholders. The association was finalized in September and was later on termed as broad strategic plan by the two companies.
Sino Agro Food Inc (OTCBB:SIAF) informed that the long term goal of the company is to transform into a renowned sustainable aquaculture unit focusing its measures on organically farmed fish and prawns. For the purpose, it can divest other operational units, either through mergers and acquisitions or opting for separate listings. The company further stated that it aims to list on the Oslo Stock Exchange in the near future. It is working together with Arctic Securities to complete the necessary process. Also, the company stated that it is taking the services of Box Communication to take care of Nordic IR activities.
Sino Agro stated that it recently appointed Bertil Tiusanen as new CFO of the company. He has extensive experience working on the same role with firms like Coop AB and Vattenfall AB. As of now, he serves as an advisor to the Norwegian Government. Tiusanen has taken his new role on May 1, 2015.
The expert speaks
The Chairman Solomon Lee stated that in the past few months, the management has worked together with its associate Euro China to achieve operational performance. The company is working to achieve its long-term vision that is focused on sustainable aquaculture. It is one of the most important segments for the company.
With change in management, Lee feels that the company has right team to implement the growth plans. In last trading session, the share price of Sino Agro surged 0.63% to close the trading session at $14.27. The gains came at a share volume of 13,123 much lower than the average share volume of 98,865.