AgFeed engages Deutsche Bank for strategic growth initiatives advicePress Release

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Publish time:5/28/2008 12:00:00 AM      Source: www.cnchemicals.com
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May 28, 2008

AgFeed engages Deutsche Bank for strategic growth initiatives advice

Press Release

AgFeed Industries, Inc., a leader in China's premix feed and hog raising industries, has announced that the company has engaged Deutsche Bank, a leading global investment banking firm, to advise AgFeed with strategic growth initiatives.

AgFeed has two integrated profitable business lines in China: premix animal feed and hog production. AgFeed is currently the largest premix feed company in China in terms of revenues and the largest commercial hog producer with over 500,000 hogs in annual production.

Li Songyan, chairman of AgFeed, said, "China represents the world's largest hog production and pork consumer market with healthy margins. AgFeed is a market leader and provides an effective platform for accessing this vast market by global agricultural product companies. Our 700 plus and growing independently owned feed product chain store distribution network further presents long-term strategic value. We believe that there are many opportunities for growth including strategic acquisitions, organic growth and potential strategic arrangements with large global protein producers and agricultural suppliers. We look forward to working with Deutsche Bank to consider and implement our long-term growth strategy."