Sino Agro Food Inc (OTCBB:SIAF) a leading diversified and integrated agriculture technology & organic food firm mainly operating in the People’s Republic of China confirmed that it retained Burnham Securities Inc founded by I.W. Burnham II and established in 1935. The CEO Solomon Lee said that the management is pleased to get the services of Burnham. The move can be called as a major accomplishment that will help the company to carry out its strategic plan. The company intends to meet its investment measures started in 2010.
Lee of Sino Agro further added that the securities firm and its associations with the leading China-based investment funds can help the company make deeper alliances. They can substantially increase value to the shareholders. The diversified firm reported revenue of over $404 million in FY2014 and over $92 million as after-tax net income.
Burnham Securities’ Dan McClory, MD and Chief of China Investment Banking stated the engagement with Sino Agro as a marvelous prospect to work with a leading Chinese agribusiness. It will boost the strategic investment plans of the company. Given the pioneering position in the segment, Sino Agro holds an advantageous position in the largest market for agriculture.
Sino Agro can be termed as a natural goof holding and an agriculture technology company with its operations spread in the People’s Republic of China. It is into buying and maintaining equity stakes in a consistent portfolio of firms that Sino Agro forms following its main mission of producing, distributing, marketing and offering natural, sustainable products primarily seafood and cattle. It has to be supplied to the rapidly rising middle class in China. In last trading session, the stock price of Sino Agro surged 3.57% to close at $11.9. The company designs financial oversight and offers strategic direction for each firm.