Aquafarm 2 (AF2) was acquired by Tri-way Industries, Ltd. (TW) as part of SIAF's carve-out of aquaculture operations. AF2 — formerly known informally as Prawn Farm 1 (PF1) — is in the business of growing prawns (also called shrimp). The Company believes that Aquafarm 2 represents the first indoor RAS prawn farm in Asia.
View a local television program about new species at Aquafarms 1 and 2:
Before the Tri-way carve-out, Enping City Bi Tao A Power Prawn Culture Development Co., Ltd. (EBAPCD) was the proposed name of the future Sino-Foreign Joint Venture company ("SFJV"), subject to approval by relevant Chinese authorities under our application for SFJV status, established to own and operate Prawn Farm 1. EBAPCD began to generate revenue during the third quarter of 2013. Until TW assumed responsibility for all sales and marketing , Capital Award recognized income from purchases of prawns from AF2 and selling them to the wholesale markets. Going forward, AF2 continues to carry out its rotational stocking and harvesting program targeting to increase yields of live prawns annually.
Tri-way Industries (TW):
Aquafarm 1 (AF1):
Aquafarm 3 (AF3):
Aquafarm 4 (AF4) and Aquafarm 5 (AF5):
SIAF’s Carve-out Spin-off (“COSO”) strategy: