Man Shing Agricultural Holdings, Inc., located in the Shandong Province and one of the largest Chinese exporters of fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced that it signed an agreement with Mr. Nagada Koumonn, a farmland owner in the town of Yinayityou within the Simane County of Japan, which will expand Man Shing's ginger production. The agreement was executed on December 17, 2010 and runs for a term of one year from February 1, 2011 to January 31, 2012.
According to the agreement, Man Shing will lease a ginger farm which sits on 70,186 square meters of land in Japan. Man Shing will be responsible for the production and management of the ginger farm, including distribution of the ginger, and Mr. Nagada Koumonn will be responsible for planting the ginger and providing the labor force.
"We are looking forward to working with Mr. Nagada Koumonn and producing fresh ginger in Japan," stated Mr. Shili Liu, Chairman and Chief Executive Officer of Man Shing. "We believe that this agreement will help to further our growth and assist us in creating an international farming presence. Japan's Simane County, where the farm is located, is a mild ocean climate with temperatures that are ideal for planting ginger. We believe that our presence in Japan will present us with several important advantages, including a higher price point for our ginger. Additionally, due to the high quality and safety standards enforced in Japan, we anticipate increased customer confidence," concluded Mr. Shili Liu.
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