AgFeed Industries, Inc. Announces Definitive Terms for Acquisition of M2P2 LLC & Approval of a Stock Repurchase Program
August 13, 2010
…of the operations and assets of M2P2 LLC based in Ames, Iowa. AgFeed and M2P2 have entered into a binding term sheet summarizing the principle terms of the acquisition and expect to complete the transaction later this month. M2P2 is a leading U.S. hog production company, having set standards of excellence…
AgFeed Industries, Inc. Announces First Half Results
August 10, 2010
…the first half reached $90.5 million an increase of 26% compared to the first half of 2009. Production volumes increased by 92% in the Company’s animal nutrition division, and decreased 15% in its Hog Division as compared to the same period in 2009. During the second quarter the Company faced an…
AgFeed Industries, Inc. Announces Agreement to Acquire Leading U.S. Hog Production Company
July 20, 2010
…the operations of M2P2 LLC based in Ames, Iowa. AgFeed and M2P2 have entered into a non-binding term sheet summarizing the principle terms of the acquisition and expect to complete the transaction later this summer. It is anticipated that John Stadler, Chairman of M2P2 will join AgFeed’s Board of Directors upon…
AgFeed Industries, Inc. Announces Participation in China Investment Conference
July 9, 2010
…the Company will attend the Global Hunter Securities 2010 China Conference at the St. Regis Hotel, 125 3rd Street, San Francisco, CA where they are scheduled to present to investors at 10:00 am on Monday, July 12, 2010. Presenting for AgFeed will be Mr. Gerry Daignault, Chief Operating Officer. A complete…
AgFeed Industries, Inc. Announces Date of Annual Meeting
June 25, 2010
…set Wednesday, September 15, 2010 as the date of its 2010 Annual Meeting of Shareholders (the "Annual Meeting"), and that the record date for determining shareholders entitled to vote at the Annual Meeting is July 27, 2010. The deadline for shareholders to timely submit to AgFeed proposals to be brought before…
AgFeed Industries, Inc. Announces Stocking Agreement for Xinyu Production Pod
June 15, 2010
…terms for the stocking of the first phase of the Xinyu production pod starting in the fourth quarter of 2010 with PIC (Pig Improvement Company), a division of Genus PLC (LSE:GNS.l - News). This stocking will include 16,800 high health-breeding females and the Grand Parent stock to create a closed herd…
AgFeed Industries, Inc. Announces First Quarter Results
May 11, 2010
…the first quarter of 2010. Revenue for the first quarter reached $52.9 million an increase of 58% compared to the first quarter of 2009. Production volumes increased by 24% in the Company's hog division and 119% in the animal nutrition division, as compared to the same period in 2009. Dr. Songyan…
AgFeed Industries, Inc. Announces Major Hog Production Complex
April 14, 2010
…agreed to invest in a hog production project in conjunction with Xinyu City in Jiangxi province. The two-year project encompasses the building of 5 western model hog farms, totaling 25,000 sows. The initial phase of the project will encompass an investment of $18 million to build two 5,000 head sow farms,…
AgFeed Industries, Inc. Announces NYSE Alternext Listing
March 30, 2010
…admission, the first cross-listing from a U.S. listed company on NYSE Alternext this year, was granted in connection with NYSE Alternext's rules that enable U.S. listed companies to use their SEC filings to gain access to NYSE Euronext European markets. AgFeed's NYSE Alternext trading symbol will be ALHOG."We are delighted at…
AgFeed Industries, Inc. Announces Record Revenues for 2009
March 9, 2010
…of its operating units: hog production and animal nutrition. Production volumes increased by 66% in the company's hog division and 56% in the animal nutrition division.Dr. Songyan Li, AgFeed's Chairman, commented, "In the face of a difficult operating and market environment for hogs in China, we are pleased with the company's…
AgFeed Industries, Inc. Announces Participation in China Investment Conference
March 5, 2010
…Company will attend the Rodman & Renshaw Annual China Investment Conference at the Regent Hotel, 99 Jinbao Street, Beijing, China where they are scheduled to present to investors at 9:50 am on Tuesday, March 9, 2010. Presenters for AgFeed include Dr. Songyan Li, Chairman of the Board, Mr. Gerry Daignault, Chief…
AgFeed Industries, Inc. Announces Arrangement to Sell a Portion of Its Feed Business to the Public Through an IPO
February 9, 2010
…maximum of 20% of its animal nutrients feed subsidiary via a listing and initial public offering ("IPO") of the subsidiary's common stock. The IPO is anticipated to raise $20-25 million and will be effected through the filing of a registration statement with the SEC that the SEC must declare effective before…
AgFeed Industries Identifies Key Managers for Business Units
January 29, 2010
…strategic internal reorganization of its corporate structure previously announced, it has identified key individuals to lead each of its business units as the Company grows and develops. Mr. Junhong Xiong will be appointed the Chairman and CEO of the animal nutrients feed businesses and will be supported by Mr. Feng Zhou…
AgFeed Industries Announces Commencement of Strategic Internal Reorganization
January 13, 2010
…has authorized a strategic internal reorganization of its corporate structure to more efficiently align its business platforms in order to maximize the results of its anticipated growth in the Chinese hog and animal nutrients markets. After successfully executing its previously announced 2009 five-phase strategic plan, the AgFeed Industries board of directors…
AgFeed Industries Forms Joint Venture With Hypor -- Hypor AgFeed Breeding Company Inc. -- to Develop and Operate Genetic Nucleus Farm in Wuning, China
December 17, 2009
…venture with Hypor, B.V., a Hendrix Genetics Company, world renowned as a leading provider of superior swine genetics and technology. The new company, Hypor AgFeed Breeding Company Inc., will develop, operate and market a genetic nucleus farm in Wuning, China. Hypor AgFeed Breeding is owned 85% indirectly by AgFeed and 15%…
AgFeed Industries, Inc. Announces Third Quarter 2009 Financial Results
November 10, 2009
…for the third quarter and first nine months of 2009: Highlights Revenue of $45.12 million and $117.07 million, compared to $49.43 million and $97.21 million for the quarter and nine month periods of 2008, respectively. Income from continuing operations of $3.71 million and $9.16 million, compared to $9.31 million and $19.81…
AgFeed Industries, Inc. to be Added to S-Network ITG Agriculture Index(SM)
September 14, 2009
…of 6:00 PM (EDT) on Sunday, September 20, 2009, AgFeed will be included among the 30 stock components that comprise the S-Network ITG Agriculture Index(SM).Songyan Li, AgFeed's Chairman, commented: "AgFeed is pleased to be included among the elite group of global agricultural companies that comprise the S-Network ITG Agriculture Index(SM). We…
AgFeed Industries, Inc. Announces $50 Million Equity Credit Transaction; Participation in Global Investment Conference
September 10, 2009
…entered into a two year Equity Credit Agreement with an institutional investor pursuant to which it may, from time to time, sell shares of its common stock to the investor for aggregate gross proceeds of up to $50,000,000. The shares would be sold to the investor at a slight discount to…
AgFeed Industries, Inc. Announces Second Quarter 2009 Financial Results
August 11, 2009
…results for the second quarter and first six months of 2009: --Revenue of $38.5 million and $71.9 million, up from $35.6 million and $47.8 million for the second quarter and first six months of 2008, respectively. --Income from operations of $2.3 million and $5.4 million, compared to $8.8 million and $10.5…
AgFeed Industries Forms Joint Venture -- AgFeed International Protein Technology with M2P2 to Further Pan Asian Pork Production Using Western Technology
July 16, 2009
…with M2P2, a leading U.S. hog production and industry management consulting company. The new company, AgFeed International Protein Technology Corp. will focus on enhancing hog production systems for Chinese and other Pan Asian clients based on modern western standards to increase productivity and ensure the highest bio-security health standards in the…