Sino Agro Food (SIAF) has announced that it has begun exporting various opportunities for a spin-off including a separate listing on the Oslo Stock Exchange (OSE).
The separate listing for a new aquaculture company will allow SIAF to distribute a majority of its holdings in the new company to its shareholders.
Solomon Lee, CEO of SIAF, said: “The Company has received feedback that restructuring our businesses as standalone organisations will create better understood and appreciated businesses bringing more value to our shareholders.”
He added: “A separate listing of our aquaculture operations carries the additional advantage of facilitating a listing in Norway; a natural market for making our aquaculture opportunities known."
SIAF has sought a listing in the Nordic region to facilitate trading of its shares closer to its largest shareholder base. The new aquaculture company will be listed in Norway, the listening will not occur during 2015.
The company’s consultations with financial advisors, major shareholders and prospective institutional investors brought to light important advantages for the proposed new aquaculture company.
By simplifying the structure of Sino Agro Food and creating a profitable aquaculture company the new company will be focused on production of seafood and have unique expansion potential.
SIAF will need to expose the company to institutional investors with in-depth knowledge and high appreciation of aquaculture businesses. The OSE has more than 15 listed companies in the food sector.
