February 26, 2008

AgFeed to expand premix animal feed and pig raising

AgFeed Industries announced that it has entered into definitive agreements for US$41 million in financing advised by its financial advisor, Deutsche Bank Securities Inc.

The company will use the money to expand its two business lines, premix animal feed and pig raising.

Company officials said they intend to acquire multiple pig farms and expects to further expand its premix feed distribution network in 2008.

AgFeed is a NASDAQ Global Market listed US public company headquartered in China. It is a leading animal premix feed and hog producer in China, with Deutsche Bank Securities, Inc as its financial advisor.