SALT LAKE CITY, June 15, 2016 /PRNewswire/ — Great China International Holdings, Inc. (Ticker: GCIH), a company with interests in real estate and the health and green industries, announced that it has completed its announced investment into Sino-Australian Agricultural Technology (SAAT), an agricultural developer in China which currently occupies the world’s largest contiguous acreage base for Macadamia nut planting.
Macadamia nuts are a superfood with an abundance of nutritional qualities and commercial purposes, including foods, cooking oils, healthy products, toiletries and cosmetics. SAAT has been in the Macadamia nut planting business since 2014, supplying the market with over 600,000 seedlings in that time. Their completed 2,500 acre planting base is expected to enter the fruit production period in three years. Meanwhile, three processing factories with an annual output of 10,000 tons are planned for construction around the major production zones in Yunnan province.
“We are excited to have completed this strategic investment in SAAT, leaving our Company well- positioned to be a dominant supplier of Macadamia nuts in the near future. This is only the beginning of our new focus on the health and green industries and supplying nutritional products to an increasingly health-concerned population in China and around the world. The Macadamia nut market is under-supplied, due to strong global demand, and we believe that prices will continue to rise,” said Frank Jiang, CEO of Great China International Holdings, Inc.
About Great China International Holdings, Inc.
Great China International Holdings’ primary Chinese subsidiary was founded in 1989, and has been involved in various businesses from cultural industries to real estate development, agricultural plantation and biotechnology. For more information, please go to http://hhbiotechnology.com.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For a more complete discussion of such risks and uncertainties, please refer to the company’s filings with the Securities and Exchange Commission.
SOURCE Great China International Holdings, Inc.