Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.7.0.1
Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

 

On July 14, 2017, the Company’s Board of Directors declared a cash dividend of $0.01 per share to the Company’s common stock shareholders of record on July 31, 2017.

 

On July 27, 2017, the Company entered into a strategic cooperation framework agreement with JD.com, one of China’s largest e-commerce retailers. Pursuant to the Agreement, JD will become the exclusive online retailer for the Company to sell its fishing products, and the Company will serve as JD’s sole supplier for ribbonfish, tiger prawn and conger eel products harvested from the Arafura Sea, the Bay of Bengal and the Indo-Pacific Waters. JD and the Company will work together on the continuous innovation of the online seafood retail business model to achieve enhanced marketing and continued growth.