Oriental Ocean Gives up its Salmon Aquaculture Due to Continual Losses of this Business
Oriental Ocean, a seafood company in Shandong province of China, has established the largest industrial aquaculture system of Atlantic salmon in this oriental country. Since the beginning of this project in 2010, great investment has been made in its development. But due to its unprofitability, the company announced that it will sell all aquaculture assets this February. This 0.226-billion-yuan deal is expected to create an income of 67.4963 million yuan.
More details reveal that this is far from a simple selling deal...
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