At least one FIE exists in the corporate structure
We are a British Virgin Islands business company formed to operate the animal nutrition business of AgFeed Industries in the People’s Republic of China (“China”) through various operating subsidiaries. Our animal nutrition business consists of the research and development, manufacture, marketing and sale of additive premix (“premix”), concentrates and complete feed for use in the domestic animal husbandry markets, primarily for hog production in China. We have been in the premix feed business since 1995 and now operate five premix feed manufacturing facilities located in the provinces of Jiangxi, Guangxi, Shandong and Hainan and the municipality of Shanghai. We are aggressively expanding our concentrates and complete feed lines to meet the growing demand of commercial producers as they modernize their production technology and focus on the requirements of the food safety laws.
Prior to the reorganization of AgFeed Industries, AgFeed Industries, Inc., a Nevada corporation and our parent company, through its various subsidiaries, operated our animal nutrition business. AgFeed Industries began reporting results of its animal nutrition operations as a separate business segment for the three months ended September 30, 2009. Prior to this offering, AgFeed Industries has provided us with tax, accounting, treasury, legal and human resources services, and had also provided us with the services of a number of its executives and employees. All of our current executive officers and most of our current employees formerly were employees of AgFeed Industries. Upon the completion of this offering, AgFeed Industries will continue to be our controlling shareholder.
Last updated November 28, 2010