DALLAS, Feb. 18, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring AgFeed Industries Inc. (Nasdaq:FEED). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/FEED
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AgFeed Industries Inc. (FEED) is engaged in the research and development, manufacturing, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China's domestic pork husbandry market. FEED operates through wholly owned subsidiaries, Nanchang Best Shanghai Best, Guangxi Huijie, Shandong Feed and HopeJia. On June 24, 2008, the Company acquired premix feed company, Hainan HopeJia Feed Co. On January 3, 2008, the Company acquired a 70% interest each in Wannian Xiandai Animal Husbandry Ltd. Liability Co. (Wannian) and Jiangxi Huyun Livestock Co., Ltd.
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In the report, the analyst notes:
"FEED last week announced the proposed sale of a maximum of 20% of its animal nutrients feed subsidiary via a listing and initial public offering ("IPO") of the subsidiary's common stock. The IPO is anticipated to raise $20-25 million and will be affected through the filing of a registration statement with the SEC that the SEC must declare effective before any common stock sales may occur.
"FEED late last month announced that, as part of the strategic internal reorganization of its corporate structure previously announced, it has identified key individuals to lead each of its business units as the Company grows and develops."
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