Top Zhongpin execs to buy company shares
June 20, 2011
by Meat&Poultry Staff
BEIJING, China – Xianfu Zhu, chairman and CEO, and Baoke Ben, director and executive vice president of Zhongpin Inc., expect to use their personal funds to buy up to an aggregate total of $1 million worth of Zhongpin's common stock in open market transactions within the next six months.
"Mr. Ben and I are confident that Zhongpin's outlook continues to be very attractive, especially given Zhongpin's aggressive growth strategy, China's good economy and the strong market in China for Zhongpin's food products,” Zhu said. “Our expected purchases also indicate our belief that our stock is currently undervalued."
Zhongpin Inc. is a meat and food processing company that specializes in pork and pork products, vegetables and fruits in China. Its export markets include Europe, Hong Kong, and other countries in Asia.