$PLIN: China Xiangtai Food Co., Ltd. (NASDAQ
LIN) Completes Approximately US$5 Million Sales of 12,000 Tons of Soybean Meal Within a Week
Rochester, NY -- (ReleaseWire) -- 09/01/2020 -- China Xiangtai Food Co., Ltd. (NASDAQ LIN) ("PLIN" or the "Company"
, an emerging growth company engaged in the food processing business, announced that its controlled subsidiary Chongqing Ji Mao Cang Feed Co., Ltd. ("JMC" has completed approximately USD 5 million in sales of soybean meal within one week. The Company entered into a purchase contract (the "Contract" with China Grain Reserve Corporation's ("Sinograin" Zhenjiang Branch to sell 12,000 tons of soybean meal. Soybean meal is produced by the residue after oil extraction and is used in food and animal feed as a protein supplement.
Ms. Zeshu Dai, Chairwoman and Chief Executive Officer of the Company commented, "We are pleased to generate such significant sales in one week's time and expect to maintain a stable sale in the future. Sinograin are very selective in choosing their partners and we are proud to be considered as their long-term business partner. By leveraging JMC's expertise in animal feed raw material and formula solutions and the Company's commercial strength, we are confident that this approach will be successful in expanding into the southwest China market and creating value for our shareholders."
About China Xiangtai Food Co., Ltd
Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company's operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through the recent acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, the Company has also expanded into the business of feed raw material and feed formula solutions. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Company Contact
Mr. Xiaohui Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@plinfood.com
Investor Relations Contact
Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
SOURCE China Xiangtai Food Co., Ltd.
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For more information on this press release visit: http://www.releasewire.com/press-releases/chi...302291.htm
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Investor News Source
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LIN) Completes Approximately US$5 Million Sales of 12,000 Tons of Soybean Meal Within a Week Rochester, NY -- (ReleaseWire) -- 09/01/2020 -- China Xiangtai Food Co., Ltd. (NASDAQ
LIN) ("PLIN" or the "Company" , an emerging growth company engaged in the food processing business, announced that its controlled subsidiary Chongqing Ji Mao Cang Feed Co., Ltd. ("JMC" has completed approximately USD 5 million in sales of soybean meal within one week. The Company entered into a purchase contract (the "Contract" with China Grain Reserve Corporation's ("Sinograin" Zhenjiang Branch to sell 12,000 tons of soybean meal. Soybean meal is produced by the residue after oil extraction and is used in food and animal feed as a protein supplement. Ms. Zeshu Dai, Chairwoman and Chief Executive Officer of the Company commented, "We are pleased to generate such significant sales in one week's time and expect to maintain a stable sale in the future. Sinograin are very selective in choosing their partners and we are proud to be considered as their long-term business partner. By leveraging JMC's expertise in animal feed raw material and formula solutions and the Company's commercial strength, we are confident that this approach will be successful in expanding into the southwest China market and creating value for our shareholders."
About China Xiangtai Food Co., Ltd
Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company's operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. Primarily focused on pork products, the Company also offers other fresh and processed products, including beef, lamb and poultries. Through the recent acquisition of Chongqing Ji Mao Cang Feed Co., Ltd, the Company has also expanded into the business of feed raw material and feed formula solutions. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Company Contact
Mr. Xiaohui Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@plinfood.com
Investor Relations Contact
Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
SOURCE China Xiangtai Food Co., Ltd.
Disclaimer:
We are engaged in the business of marketing and advertising public companies for monetary compensation. Never invest in any stock featured on this page unless you can afford to lose your entire investment as trading stocks is very risky. INS Digital Media and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever. INS Digital Media is compensated by third party shareholders to feature certain companies. These third parties may have shares and may liquidate the company's shares which may negatively affect the stock price. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. INS Digital Media may, from time to time, purchase shares of public companies that we have been compensated to feature or profile in the open market and INS does this at fair market value. Release of Liability: Through use of this advertisement page viewing or using you agree to hold INS Digital Media and its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the Information. This is not a solicitation to buy stock.
For more information on this press release visit: http://www.releasewire.com/press-releases/chi...302291.htm
Media Relations Contact
Derek C McCarthy
Editor
Investor News Source
Telephone: 1-216-246-5006
Email: Click to Email Derek C McCarthy
Web: https://www.prnewswire.com/news-releases/chin...18320.html
