China Organic Agriculture, Inc. Completes
Acquisition of Changbai Eco-Beverage, a
Blueberry Product Producer
March 23, 2010 06:37 PM Eastern Daylight Time
LIAONING, China--(EON: Enhanced Online News)--China Organic Agriculture, Inc. (OTCBB: CNOA) (“China
Organic Agriculture” or the “Company”), a company headquartered in the Liaoning Province in China engaged in the
trading and distribution of agricultural products, today announced that it has completed acquiring 60% of the stock of
Changbai Eco-Beverage Co., Ltd. (“Changbai”) for RMB70 million ($10.25 million).
Located in the Liaoning Province in China, Changbai is mainly engaged in the research, production and sale of
various natural products including blueberry drinks, blueberry health care products, and bee products to meet the
increasingly market demands in China for these goods. The Chinese economy's dramatic rise in the disposable
income has increased the demand for "green foods" such as those provided by Changbai.
Founded in May 2008, Changbai estimates that it achieved a net income of approximately RMB15 million in 2009.
With the strong demand for its products, Changbai plans to expand its blueberry distribution on a national basis, thus
increasing its market share in the Chinese blueberry segment, and its recognition as a quality producer of organically
As a result of becoming a part of the China Organic Agriculture’s family, Changbai will be able to more quickly
expand both its distribution and its product mix in China’s expanding blueberry market. By utilizing the Company’s
existing distribution network, Changbai will be able to do this while benefiting its distribution efficiencies and overall
About China Organic Agriculture
China Organic Agriculture is based in China and is primarily engaged in the acquisition, trading and distribution of
agricultural products. For more information, please visit: http://www.chinaorganicagriculture.com.
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