date:May 30, 2014
ld and operate a 1,000-sow nucleus farm to support Shennong's expansion.
Due to the previously announced current adverse market conditions for pig production in China, Genus and Shennong have now decided not to proceed with the planned joint venture. No investment had yet been made by either party in the joint venture as land on which to build the farm took time to identify. Shennong and Genus will continue to discuss future collaboration opportunities as market conditions in China develop.
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