At least one FIE exists in the corporate structure
Man Shing Agricultural Holdings, Inc. (OTCBB: MSAH) is headquartered in Hong Kong. Man Shing Inc is a high growth agricultural products company based in Shandong Province, China. The main product is ginger. Man Shing exports to high margin, high-quality markets where its products are sold in leading supermarkets and restaurants in Europe, Japan and North America. Man Shing expects to sustain gross profit margins of over 25% and net profit margins of around 20% on low production costs, efficient land management and a high-quality, high-margin strategy. Having acquired long-term rights to extensive tracts of farmland in Shandong, the Company is positioned to become the largest ginger producer in the country by the end of 2010.
Man Shing currently produces 16% of the total Chinese ginger exports and seeks to increase there market share to 23% by the end of 2010 and 31% by the end of 2011.
Last updated December 11, 2009
Ginger