AgFeed Industries ready to expand

AgFeed Industries, leader in China's premix animal nutrition and pig raising industry, announced that it has entered into definitive agreements for US$41 million in financing advised by Deutsche Bank Securities Inc.

AgFeed will use the money to expand its two business lines: premix animal feed and pig raising. AgFeed intends to acquire multiple pig farms and expects to further expand its premix feed distribution network in 2008.

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