Sino Agro Food Inc (OTCMKTS:SIAF) shares were up 0.61% on Friday to $4.93 and flat in after-hours trading. The company has a market cap of $105.82 million at 21.47 million shares outstanding. Share prices have been trading in a 52-week range of $4.34 to $11.40.
Sino Agro Food Inc is an agriculture technology and natural food holding company. As such, it acquires and maintains equity stakes in a portfolio of companies to produce, distribute, market and sell protein food, and produce, primarily seafood and cattle. Aside from that, the company provides consulting and services to joint venture partners to construct and operate food businesses, producing wholesale fish and cattle.
In a press release last week, Sino Agro Food Inc announced that it has retained KCSA Strategic Communications to lead the company’s investors relations program. KCSA Strategic Communications is a New York-based communications firm which will deploy a comprehensive investor relations campaign designed to increase awareness about the company in the investor community.
We are excited to begin working with KCSA Strategic Communications to enhance our shareholder communications program and generate greater investor awareness for Sino Agro Food as we enter an inflection point in the Company’s development,” said Solomon Lee, President and CEO of Sino Agro Food Inc.
Lee added that they are currently implementing a multi-pronged long term strategy to maximize shareholder value. This includes the restructuring and carve-out of their fast-growth aquaculture business segment into a stand-alone entity and the carving out of their beef operations segment.
Meanwhile, KCSA Strategic Communications will aim for increased reporting on the company’s strategic milestones and the hosting of institutional investor roadshows.
Sino Agro Food is extremely well-positioned to address the ramp-up in demand for seafood and beef occurring in China,” noted Todd Fromer, Managing Partner of KCSA Strategic Communications.
He added that KCSA is pleased to implement a communications plan based on best practices to provide strategic counsel to Sino Agro Food Inc.
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