Enping City Bi Tao A Power Prawn Culture Development Co., Ltd. (EBAPCD)
Enping City Bi Tao A Power Prawn Culture Development Co., Ltd. (EBAPCD), also known as Prawn Farm 1 (PF1), is in the business of growing prawns (or shrimp), with production starting in Q3 2013. Sino Agro Food, Inc. holds a 51% equity interest in EBAPCD. Click below for our update from August 2013: EBAPCD is the proposed name of the future SJVC (subject to approval by relevant Chinese authorities under our application for SJVC status), established to own and operate Prawn Farm 1. EBAPCD generated revenue starting during the third quarter of 2013. Capital Award recognized income from purchases of prawns from Prawn Farm 1 and selling them to the wholesale markets. The Company believes that its Prawn Farm 1 represents the first indoor RAS prawn farm in Asia. Going forward, Prawn Farm 1 will carry out its rotational stocking and harvesting program targeting to produce between 250/ 300 MT of live prawns in 2013.