Qian Hu’s new business initiatives are not just ornamental

SINGAPORE (Jan 17): NRA Capital is expressing positive sentiment on Qian Hu Corporation after news of the company’s intention of diversifying into the business of breeding edible fish.

Together with the release of its earnings for FY16 ending Dec, Qian Hu last week announced it had set up a 51%-owned joint venture company,  Qian Hu Aquaculture (Hainan) Co, with a local partner to breed edible fish on Hainan Island of China.

The company expects its new business to begin contributing in FY18 ending Dec 31.

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