GUANGZHOU, China, May 18, 2015 /PRNewswire/ -- Sino Agro Food,
Inc. (OTCQB: SIAF) (also referred to herein as "SIAF" or the
"Company") is an integrated, diversified agriculture technology and
organic food company with principal operations as primary producer,
processor, and marketer of protein foods in the People's Republic of China ("PRC").
Series F Preferred Shares
The Company will redeem the Series F shares on May 30, 2015 to shareholders of record
September 28, 2012.
Also, the Company will announce its future dividend policy on or
before the end of its second quarter 2015.
Increase of Common Shares Outstanding
As of May 12, the number of common
shares outstanding has increased by 129,789 to 18,199,201 from
18,069,412 at the end of Q1 2015. The increase was due to the
following reasons:
- 47,789 shares were issued for staff and directors as incentives
and entitlements. This is in accordance with the Company's
convertible note agreement with Euro China Capital AB.
- 75,998 shares were issued as collateral for third party loans
that will be returned upon repayment of the loan principal and
interest, and the issuance of shares to some shareholders who
didn't convert their shares to new shares after the reverse
split.
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.
News and updates about Sino Agro Food, Inc., including key
information, are published on the Company's website
(http://www.sinoagrofood.com) and the Company's Facebook page
(www.facebook.com/SinoAgroFoodInc)
Forward Looking Statements
This release may contain
forward-looking statements relating to the business of SIAF and its
subsidiary companies. All statements other than historical facts
are forward-looking statements, which can be identified by the use
of forward-looking terminology such as "believes," "expects" or
similar expressions. These statements involve risks and
uncertainties that may cause actual results to differ materially
from those anticipated, believed, estimated or expected. These
risks and uncertainties are described in detail in our filings with
the Securities and Exchange Commission. Forward-looking statements
are based on SIAF's current expectations and beliefs concerning
future developments and their potential effects on SIAF. There is
no assurance that future developments affecting SIAF will be those
anticipated by SIAF. SIAF undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required under applicable securities laws.
Not a Broker/Dealer or Financial Advisor
Sino Agro
Food, Inc. is not a Registered Broker/Dealer or a Financial
Advisor, nor does it hold itself out to be a Registered
Broker/Dealer or Financial Advisor. All material presented in this
press release, on the Company's website or other media is not to be
regarded as investment advice and is only for informative purposes.
Readers should verify all claims and conduct their own due
diligence before investing in Sino Agro Food, Inc. Investing in
small-cap, micro cap and penny stock securities is speculative and
carries a high degree of risk.
No Offer of Securities
None of the information
featured in this press release constitutes an offer or solicitation
to purchase or to sell any securities of Sino Agro Food, Inc.
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visit:http://www.prnewswire.com/news-releases/sino-agro-food-inc-supplements-q1-release-300085021.html
SOURCE Sino Agro Food, Inc.