CHONGQING, China, Dec. 20, 2021 /PRNewswire/ -- China Xiangtai Food
Co., Ltd. (NASDAQ: PLIN) ("PLIN" or the "Company"), an emerging
growth company engaged in agricultural business with a diversified
expansion strategy, today announced that it has launched its U.S.
operation with the establishment of its U.S. headquarter office in
the prestigious Seagram Building in New York City. PLIN's
establishment of the New York
office marks an important milestone within Company's global
expansion strategy as a U.S. listed company. The U.S. operation
will be led by its senior executive team in the U.S.. This
strategic move is to set the foundation for the Company's
diversified growth initiative within the U.S., as well as to
demonstrate the management team's ambition and determination of
creating long term value to shareholders and investors.
"As the operational need of our newly expanded business in U.S.
begins to build a strong momentum, it is necessary to establish our
physical presence in U.S. accordingly to improve daily operations
as well as further exploring new growth opportunities,"
said Dr. Erick Rengifo, Chief
Strategy Officer of the Company, "New
York City is the financial center of the world. Being a
Nasdaq-listed company, it is natural for us to have our first U.S.
office in New York City. We look
forward to ramping up our crypto operation and begin to establish a
presence in the collaborative and innovative crypto
community."
About China Xiangtai Food Co., Ltd.
Headquartered in Chongqing, China, China Xiangtai Food Co.,
Ltd., through the recent acquisition of Chongqing Ji Mao Cang Feed
Co., Ltd, engages in agricultural business with a diversified
expansion strategy that involves investments in emerging
technologies. For more information, please
visit https://irplin.com.
Safe Harbor Statement
This announcement contains forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy, and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
Company Contact
China Xiangtai Food Co., Ltd.
Erick W. Rengifo
Phone: +1-347-556-4747
Email: ir@irplin.com
Investor Relations Contact
Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE China Xiangtai Food Co., Ltd.