The Company was incorporated in Bermuda on 14 August 2000. It is an investment holding company and the principal business of its subsidiaries are: - production and sale of processed meat products under its Jiangquan brand;production and sale of fresh, chilled and frozen pork products;
animal feed production; and pig rearing.
The Company is an integrated food processing company based in Linyi city of Shandong province in the China. It produces all the feed required by its pig farm and its abattoir produces all the pork required for the manufacture of its processed meat products under its Jiangquan brand. Presently, all its customers are in the China (including Hong Kong), and its products are distributed in the China through its sales and distribution network, comprising of, as at 30 November 2000, its 40 sales offices and more than 3,000 authorised dealers and retailers that cover most of the major cities and provinces in the China. Its main markets are in the provinces of Shandong, Xinjiang, Yunnan and Sichuan, as well as Beijing, Shanghai and Hong Kong.
The Company produces processed meat products such as pre-cooked sausages that are sold nationwide. Its pork products include a wide range of different cuts of fresh, chilled and frozen pork, with frozen pork taking the majority (60 to 70 percent), and they are sold to a variety of customers ranging from food processing companies to markets and supermarkets to retailers. The Company also produces and sells its animal feeds to customers in Shandong and Jiangsu provinces, and it plans to eventually market its animal feeds to other parts of the China.
Manufacturing and sells processes meat products under “Jiang Quan” brand.
FY00 Turnover – Process meats products 46.4%, frozen meat products 42%, pig rearing 4.4% and feed products.
1HFY01 – profit nd turnover ose 22.5%and 25% respectively.Company said higher sales and introduction of new meat products resulted in better performance.which was helped by economic growth in PRC. Company expects a comparable 2H.
28/9-27/11 – NTUC Income bought 11m shares @$0.495-$0.73 (now 6.117%)
27/11 – David Yip sold 45m shares @$0.76 (now 74.06%)
(wef : 11/10/01)
|
