China Xiangtai Food Co., Ltd. (NASDAQ:PLIN) Completes Approximately US$5 Million Sales of 12,000 Tons of Soybean Meal Within a Week
China Xiangtai Food Co., Ltd. (NASDAQ:PLIN) ("PLIN" or the "Company"), an emerging growth company engaged in the food processing business, announced that its controlled subsidiary Chongqing Ji Mao Cang Feed Co., Ltd. ("JMC") has completed approximately USD 5 million in sales of soybean meal within one week. The Company entered into a purchase contract (the "Contract") with China Grain Reserve Corporation's ("Sinograin") Zhenjiang Branch to sell 12,000 tons of soybean meal. Soybean meal is produced by the residue after oil...
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