Renmin Tianli Group, Inc. Announces Entry into Specialty Chicken Farming and Closure of a Farm
RENMIN TIANLI GROUP INC (ABAC)
US:NASDAQ Investor Relations:
aoxintianli-china.com
Company Research
Source: PR Newswire
WUHAN CITY, China, Oct. 26, 2018 /PRNewswire/ -- Renmin Tianli Group, Inc. (NASDAQ: ABAC) ("Renmin Tianli" or the "Company"), a producer of breeder hogs, market hogs and black hogs, as well as specialty processed black hog pork products sold through retail outlets and the internet, with headquarters in Wuhan City, Hubei Province, China, today announced the closure of its farm in Fenglai County, Enshi Prefecture, Hubei Province in response to an executive order (the "Order") from the Fenglai County government due to environmental concerns resulting from the increase in the population in the area surrounding the farm. The Company plans to fully comply with the Order and expects to complete the transfer of hogs and the dismantling of facilities at the farm by the end of this month. Established in 2007, the farm is situated on approximately 23.72 acres of leased land with buildings dedicated to hog rearing, administration and employee housing. The farm was producing approximately 20,000 h
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