Lies, defaults, and 'gross mismanagement': Minority shareholders of Chinese shrimp farm are out for blood

Closed farms, owed back rent, revenue reporting inconsistencies, market-value collapse -- an ongoing US court case sheds light on the actual state of the Chinese land-based 'megafarm.'

Company has been so short on funds that it has been unable to pay rent on three of Tri-way’s Aqua Farms -- those considered SIAF’s 'crown jewel'. — Company has been so short on funds that it has been unable to pay rent on three of Tri-way’s Aqua Farms -- those considered SIAF’s 'crown jewel'.Foto: Twitter

Dominic Welling

Sino Agro Food China Land-based aquaculture Farmed shrimp Stock Markets

Published 25 September 2020, 08:22Updated 25 September 2020, 12:03