June 21, 2011

 

Top Zhongpin execs to purchase company stocks

 

 

Xianfu Zhu, chairman and CEO, and Baoke Ben, director and executive vice president of Zhongpin Inc., expect to use their own assets to purchase up to an aggregate total of US$1 million worth of Zhongpin's common stock in open market transactions within the coming six months.

 

"Ben and I are confident that Zhongpin's outlook continues to be very attractive, especially given Zhongpin's aggressive growth strategy, China's good economy and the strong market in China for Zhongpin's food products," Zhu said. "Our expected purchases also indicate our belief that our stock is currently undervalued."

 

Zhongpin Inc. is a meat and food processing company that specialises in pork and pork products, vegetables and fruits in China. Its export markets include Europe, Hong Kong, and other countries in Asia.

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