Astika Holdings Inc., an acquisition company, has announced it is entering negotiations to acquire Nantong Poultry Farming Co. Ltd. Nantong Poultry is involved in breeding, farming, selling, disease control, and technological support in the food-service sector in China. Nantong Poultry currently has over 50,000 poultry of different species to be sold at its 35,200 square foot facility and in 2013 Nantung reached sales of 300 million pigeon eggs. In the five years through 2013 revenue for the poultry farming industry in China has increased at an average annualized rate of 7.8% to $75.8 billion according to IBISWorld and revenue in 2018 is expected to reach $106.5 billion. China is also the world’s biggest egg producer, producing 40% of the world’s eggs. The egg industry in the country is expected to grow at an average rate of 8.4% to the year 2018.
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