Business
Maple Leaf Signs 932,400 Rmb Beet Pulp Feedstock Contract
Maple Leaf Signs 932,400 Rmb Beet Pulp Feedstock Contract
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\nDec. 15, 2009 (Canada NewsWire Group) -- CALGARY, Dec. 15 /CNW/ -- Maple Leaf Reforestation Inc. (\"Maple Leaf\" or the \"Company\") is pleased to announce that its wholly owned Xinjiang branch company has signed a contract with Zhaoqing Dinghu Wen's Livestock Farming Co., Ltd. (\"Dinghu\") to sell a total of 480 tons of beet pulp feedstock between December, 2009 and March, 2010. Beet pulp is a supplemental type of feed stock, used in replace of alfalfa feedstock. The purchase price range for the beet pulp will be approximately $301-304 Cdn (1930-1950 Rmb). The total value of the agreement is approximately $145,400 Cdn (932,400 Rmb). Maple Leaf will be paid cash on delivery of the beet pulp feedstock.About DinghuDinghu is a subsidiary company of Guandong Wen's Food Group Co. Ltd. Established in 1983 in Guangdong, Dinghu is a major agricultural company in China. Dinghu operates more than 30 branches of poultry, swine and cattle breeding farms, supplying meat products to over 20 provinces throughout China. Well known for its unique co-operative business model, Dinghu provides bio-security, animal health, feed and nutrition research, as well as equipment management and marketing services to farmers within their co-operative network.About Maple Leaf Reforestation Inc.Maple Leaf is a Canadian company operating five environmental related projects in China:1. a large-scale forest nursery in Inner Mongolia which is focused ongrowing value-added tree seedlings and nursery products;2. an alfalfa feedstock operation that produced 10,000 tons in 2009 withgreat expansion potential and opportunity to build an alfalfa cropcake processing plant;3. a multi-faceted Xinjiang Yellowhorn tree project which will providefor the manufacture of bio-diesel fuel and cooking oil and complementthe fabrication of the ever demanding nutritious alfalfa feedstock;4. an organic fertilizer plant in the Hunan Province which will produceenvironmentally friendly bio-organic fertilizer; and5. a Flexi-Pipe distribution network to serve the oil and gas industryand other renewable energy industries.Maple Leaf is a wholly-owned foreign enterprise which allows the Company to control 100% of the direction and operations of the company in China while permitting the cash generated from operations in China to flow back to Canada.The TSX Venture Exchange does not accep...