Kings Infra Ventures Ltd signs long-term export, joint branding deal with Shanghai RSF

Kings Infra Ventures Ltd, a multifaceted company focusing on aquaculture farming, marine products processing, export and food production system consultancy, is making a big bang expansion in the Chinese market with KINGS RISHFU brand shrimps. Kings Infra is enlarging its footprint in the Chinese market in association with the Shanghai-based Shanghai RSF Trading Company Limited. The two companies have signed a Memorandum of Understanding (MoU) for jointly promoting the KINGS RISHIFU brand in China.

According to the MoU, Kings would supply premium quality shrimp from its own farm or dedicated supply chain in a sustainable and traceable manner, free of antibiotics or chemicals and process the same under the joint brand KINGS RISHIFU for exporting to China. Shanghai RSF will import and distribute the same in the Chinese market.

The partnership with the Shanghai RSF is a remarkable achievement for the company. Shanghai RSF CEO visited the farm and processing unit and was highly satisfied with the product quality.

The partnership scheduled to go on stream from September with 5-8 containers per month will be scaled up to 200 containers per year. The partnership focusing on the high-end market with premium products has the potential to generate Rs 100 cr revenue in the first year of operation and scale upto 200 Cr per year when fully implemented.

The MoU also stipulates that Shanghai RSF will process all payments from their Japanese principal either by TT or LC as agreed mutually.

KINGS Infra Ventures Ltd: Kings Infra Ventures Ltd, listed in BSE, is a multifaceted company focusing on sustainable aquaculture, marine products processing, export and food production system consultancy.

Shanghai RSF Trading Company: Based in Shanghai the company is a reputed buyer, importer and distributor of seafood in China. Shanghai RSF is a joint venture of Japan Food Services company and its finances and payments are made from Japan although the business operations are mainly in China.

Shares of Kings Infra Ventures Limited was last trading in BSE at Rs. 116.30 as compared to the previous close of Rs. 115.75. The total number of shares traded during the day was 44253 in over 347 trades.

The stock hit an intraday high of Rs. 117.90 and intraday low of 113.00. The net turnover during the day was Rs. 5102201.00.

Source : Equity Bulls

Keywords

KingsInfraVentures INE050N01010 Expansion ChineseMarket KINGSRISHFU ShrimpsBrand