China Xiangtai Food Buys $7.2M of Soybean Meal
Purchased approximately 18,000 tons of supply from Sinograin
China Xiangtai Food Co., Ltd., an emerging growth company engaged in the food processing business, announces its controlled subsidiary Chongqing Ji Mao Cang Feed Co., Ltd. completed $7.2 million in sales of soybean meal over three months, after purchasing an aggregate of approximately 18,000 tons of supply from China Grain Reserve Corp.'s ("Sinograin") Zhenjiang Branch Office.
"We are pleased to generate these sales from the soybean meal and expect to continue expanding the scale of this business," says Zeshu Dai, chairwoman and CEO. "As Sinograin' long-term business partner, we have proved our capability and stability from past sales performance. Looking ahead, we will continue to leverage JMC's expertise in animal feed raw material and formula solutions and PLIN's commercial strength to expand into the southwest China market and create 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.