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SOURCE Sino Agro Food, Inc.
Company to Determine Dividend Policy
GUANGZHOU, China, Dec. 19, 2013 /PRNewswire/ -- Sino Agro Food, Inc. (OTC BB: SIAF.OB) is an emerging integrated, diversified agriculture technology and organic food company ("the Company") with principal operations in the People's Republic of China ("PRC").
The Company is pleased to announce that it has formed Sino Agro Food Sweden Aktiebolag (publ) ("SIAFS"), a wholly owned subsidiary. SIAFS was registered with the Swedish Companies Registration Office ("Bolagsverket") on December 16, 2013.
The objects of SIAFS shall be to carry out IR representation, to provide services in agriculture and aquaculture, marketing, sales and trading of agriculture and aquaculture products, facilitate capital raisings and thereby related business.
PricewaterhouseCoopers AB is the appointed auditor and Mr. Klas Brand is the auditor in charge.
The Company's Swedish Board Member Nils-Erik Sandberg commented, "With the formation of this new subsidiary in Sweden, the Company furthers its international footprint, opening the door to new business relationships and financial opportunities."
The Board of Directors will announce a comprehensive dividend policy properly aligned with the Company's cash flow expectations and cash balances on or before February 20, 2014.
ABOUT SINO AGRO FOOD, INC.
Sino Agro Food, Inc. ("SIAF") (http://www.sinoagrofood.com) is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the People's Republic of China. The Company intends to focus on meeting the increasing demand of China's rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of beef and lamb products, fish products, bioorganic fertilizer, stock feed and cash crops.
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.
FORWARD LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the business of SIAF and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on SIAF's current expectations and beliefs concerning future developments and their potential effects on SIAF. There can be no assurance that future developments affecting SIAF will be those anticipated by SIAF. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. 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 may be required under applicable securities laws.
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