NEW YORK and GUANGZHOU, China, April
7, 2015 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQB:
SIAF.OB), an integrated, diversified agriculture technology and
organic food company ("the Company") with principal operations in
the People's Republic of China, is
pleased to announce that it has retained Burnham Securities Inc.
("BSI, Burnham"). BSI was founded by I.W. Burnham II who established Burnham &
Co. in 1935, which evolved into the legendary firm, Drexel Burnham Lambert.
Sino Agro Food CEO Solomon Lee
commented, "I am very pleased to announce the engagement of
Burnham. This is another milestone in Sino Agro Food's corporate
strategy to successfully complete the investment plan we initiated
in 2010. Burnham and its relationships with major China-based investment funds have the
potential to bring SIAF deep alliances and experience in the
capital markets that could help us to continue to enhance
shareholder value." Sino Agro Food reported record 2014 revenues of
over $404 million and more than
$92m in after-tax net income on its
recent Form 10-K.
Burnham Securities' Dan McClory,
Managing Director and Head of China Investment Banking, described
the engagement with SIAF as "an outstanding opportunity to work
with a major Chinese agribusiness focused on sustainable protein
food and produce, and strengthen the strategic investment approach
of Chairman Lee. SIAF is in an advantageous position in the
world's largest market for agriculture," McClory concluded.
About Sino Agro Food, Inc.
Sino Agro Food, Inc. is an agriculture technology and natural
food holding company with principal operations in the People's Republic of China. The Company
acquires and maintains equity stakes in a cohesive portfolio of
companies that SIAF forms according to its core mission to produce,
distribute, market and sell natural, sustainable protein food and
produce, primarily seafood and cattle, to the rapidly growing
middle class in China. SIAF
provides financial oversight and strategic direction for each
company, and for the interoperation between companies. The Company
owns or licenses patents, proprietary methods, and other
intellectual properties in its areas of expertise. SIAF provides
consulting and services to joint venture partners to construct and
operate food businesses, primarily producing wholesale protein
foods. Further joint ventures market and distribute the wholesale
products as part of an overall "farm to table" concept and business
strategy.
(http://www.sinoagrofood.com)
(www.facebook.com/SinoAgroFoodInc)
About Burnham Securities Inc.
Burnham Securities Incorporated and Burnham Asset Management
Corporation are divisions of Burnham Financial Group, which was
formed in 1989 by the late I.W. Burnham,
II (founder of Burnham & Co. in 1935 and Drexel Burnham Lambert) and Jon M. Burnham. Burnham Financial Group
offers financial services and expertise to a select group of
institutions, companies, and individuals. The firms' capabilities
include institutional asset management, wealth management,
institutional trading and brokerage services, investment banking,
securities underwriting, and corporate finance. The firm's
headquarters are in New York, with
offices in Los Angeles and
Houston. Burnham Asset
Management is an SEC Registered Investment Advisor and manages the
Burnham Investors Trust, a publicly-traded, Morningstar-rated
mutual fund family founded in 1961. For more information on
Burnham, go to www.burnhamfinancial.com.
For Burnham Securities Inc.:
Contact:
Dan McClory, Managing
Director
dmcclory@bsibam.com +1 949.379.6103
Debra Hyman, Vice President,
Corporate Communications
dhyman@bsibam.com, +1 212.603.7511
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SOURCE Burnham Securities Inc.