China Xiangtai Food Co., Ltd. Completes Approximately US$7.2 Million Sales of 18,000 tons of Soybean Meal
China Xiangtai Food Co., Ltd. - Ordinary Shares (PLIN)
Company Research
Source: PR Newswire
CHONGQING, China, Sept. 16, 2020 /PRNewswire/ -- China Xiangtai Food Co., Ltd. (NASDAQ: PLIN) ("PLIN" or the "Company"), an emerging growth company engaged in the food processing business, today announced that its controlled subsidiary Chongqing Ji Mao Cang Feed Co., Ltd. ("JMC") completed RMB 49 million (approximately $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 Corporation's ("Sinograin") Zhenjiang Branch Office. Ms. Zeshu Dai, Chairwoman and Chief Executive Officer of the Company commented, "We are pleased to generate these sales from the soybean meal and expect to continue expanding the scale of this business. 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 int
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